U.S. Capital Goods Orders Rose More Than Forecast in December

Orders for U.S. capital goods advanced more than forecast in December, showing businesses were adjusting investment plans amid prospects for stronger economic growth.

Bookings for non-military equipment excluding planes climbed 0.8 percent after increasing an upwardly revised 1.5 percent in November, data from the Commerce Department showed Friday. Orders for all durable goods -- items meant to last at least three years -- unexpectedly fell 0.4 percent due to a slump in the volatile military aircraft category.