[ad_1]
The numbers: Orders for durable goods rose rebounded 5.4% in November, the government said Friday. This is the largest gain since July 2020. It is the second gain in the past three months.
Orders were down 5.1% in the prior month.
Economists had forecast a 2% rise in orders for durable goods — products made to last at least three years.
Core capital goods orders, rose 0.8% last month after a 0.6 fall in October. The figure omits defense and transportation and is a proxy for broader business investment.
Shipments of core goods, which are factored into GDP, slipped 0.1%.
[ad_2]
Source link
