Economy

January 27, 2020
Durable Goods Orders Rebound 2.4 Percent on Military Spending
Written by Sandy Williams
Durable goods orders rose 2.4 percent in December supported by a surge in defense spending. Defense capital goods increased 90.2 percent last month primarily due to orders for defense aircraft, the Census Bureau reported.
The uptick in December orders follows a sharp decline in November of 3.1 percent, revised downward from 2.1 percent.


