Orders for U.S. Capital-Goods Ease After Robust October

Orders placed with U.S. factories for business equipment fell in November after a sharp upward revision to the previous month, consistent with an upswing in corporate investment that’s helping propel the economy.

Bookings for non-military capital goods excluding aircraft eased 0.1 percent last month, data from the Commerce Department showed Friday. The decline followed a 0.8 percent increase in October that was more than double the previously reported 0.3 percent advance. The median forecast in a Bloomberg survey for November called for a 0.5 percent gain.