Demand for long-lasting U.S. factory goods rebounded in August, pointing to a continued upswing in business investment. Orders for durable goods-products like refrigerators and airplanes that are designed to last at least three years-increased a seasonally adjusted 1.7% in August from the prior month, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a milder 0.9% rise for overall orders.
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