Factory Orders Rise in November
Factory orders increased 1.8% in November, the Commerce Department reported Jan. 6.
The rise followed a revised 0.5% decline in October.
The increase was greater than economists’ forecast of a 1.7% rise, Bloomberg News reported.
Durable goods orders rose 3.4% in November after a 0.7% decline the prior month. Orders for capital goods, excluding transportation equipment, increased 1.8% after rising 0.1% in October.
Nondefense capital goods orders, excluding aircraft, rose 4.1% after declining 0.6% the previous month.
The trucking industry relies on factory orders and shipments for much of its business.
