Monday, December 26, 2011

Durable goods orders jump in November on aircraft

photoWASHINGTON (Reuters) - New orders for U.S. manufactured goods soared in November on strong demand for aircraft, but a gauge of business spending plans fell for a second month, suggesting a cooling in investment. Durable goods orders jumped 3.8 percent after being flat in October, the Commerce Department said on Friday. Economists had forecast orders rising 2 percent from a previously reported 0.5 percent fall. Durable goods range from toasters to big-ticket items such as aircraft which are meant to last three years and more. Excluding transportation, orders rose 0.3 percent after rising 1. ...


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