Skip to content
Subscriber Only

Capital Goods Demand Signals Stronger U.S. Growth: Economy

Orders for long-lasting goods such as computers and machinery climbed in November by the most in 10 months and new-home sales exceeded forecasts, showing a more broad-based U.S. economic expansion entering 2014.

Bookings for non-military capital equipment excluding aircraft, a proxy for future business investment, increased 4.5 percent, more than double the most-optimistic projection in a Bloomberg survey of economists, a Commerce Department report in Washington showed. Home sales eased to a 464,000 annual rate from a revised 474,000 pace in October that was the fastest since July 2008.