Orders for durable goods increased in November, boosted by orders for capital goods and aircraft.
Orders rose 5.3 percent in November, the Commerce Department said Monday in a report delayed by last year’s government shutdown. This was far in excess of the three percent increase expected.
Core capital goods orders, a proxy for business investment that excludes aircraft and military equipment, increased by 0.7 percent. That beat expectations and followed the October increase of 0.5 percent.
New orders for computer equipment rose 3.8 percent compared with the prior month, and orders for communications equipment rose 4.8 percent. Orders for…
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