U.S. Capital Goods Orders, Consumer Spending Increase

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Dec. 23 (Bloomberg) -- Bloomberg's Michael McKee reports on U.S. economic data released today. Orders for U.S. capital equipment like computers and communications gear climbed 2.6 percent in November after a 3.6 percent decline in October that was smaller than previously estimated, figures from the Commerce Department showed today. Consumer spending increased 0.4 percent last month after a 0.7 percent increase the previous month. Initial filings for unemployment insurance declined by 3,000 to 420,000 for the week ended Dec. 18, matching the median forecast in a Bloomberg News survey, Labor Department figures showed. (Source: Bloomberg)

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