Durable Goods

Growth in industrial production eased in October, as durable goods orders unexpectedly fell 3.3%. It was the largest decline in orders since January 2009.

U.S. wholesale inventories rose 1.5% in September, and when combined with a more-optimistic outlook by U.S. CEOs, the data suggest suppliers and businesses expect slightly better holiday sales this year than in 2009.

Investors got more evidence today that the manufacturing sector expansion continued into late summer/early fall. The key ex-transportation component also came in higher, at 0.4%. And the ex-defense number rose 1.9%. A solid month overall.

While overall factory orders fell 0.5% in August, if we factor out the volatile transportation component, orders actually rose 0.9% in August -- a statistic that confirms that the expansion in the nation%u2019s manufacturing sector continued this summer, but at a slower pace.

Stocks rallied sharply Friday to extend their winning ways to a fourth consecutive week. That's the longest rally since late April, when the markets hit their last peaks.

August's 1.3% drop in durable goods orders looks bad. But the real story is that the more-telling component that excludes volatile transportation orders rose 2%, doubling a Bloomberg survey's consensus estimate. So far, Wall Street is reacting ecstatically.

Factory orders rose just 0.1% in July, the U.S. Commerce Department announced Thursday in a report that further clarified that the manufacturing sector's expansion slowed down this summer. While the statistic did indicate tepid growth, it was less than the 0.3% gain economists had predicted.

Here's news from the business world and other money matters to watch out for Thursday (last updated at 7:30 a.m. Eastern time): Americans Owe Less Credit-Card Debt: Skittish consumers reduced their credit-card indebtedness sharply in the second quarter, credit-rating company TransUnion reported...

Orders fell 1.2% in June, well below a survey estimate of a 0.5% drop, marking two down months in a row. Even excluding the often-volatile transportation component (airplanes and cars), orders fell 1.1% in June.

Durable goods orders fell 1% in June, the second straight monthly decline. New orders in June fell $2 billion to $190.5 billion, the Commerce Department said in a statement. Excluding transportation, new orders fell 0.6%. Excluding defense, new orders fell 0.7%. Durable goods orders fell 0.8%...