Economics
U.S. Durable Goods Orders Increase More Than Forecast
- Bookings climbed 2.5% in November, capital goods softened
- Demand picked up for aircraft, motor vehicles and metals
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Orders placed with U.S. factories for durable goods rose in November by the most in six months, exceeding forecasts and pointing to steady demand that will help drive production growth in early 2022.
Bookings for all durable goods -- or items meant to last at least three years -- increased 2.5% from the prior month, partly reflecting a sharp rise in commercial aircraft orders.