Economy
December 28, 2020
November Marks Seventh Month of Gains for Durable Goods Orders
Written by Sandy Williams
Orders for durable goods rose for the seventh month in November, edging up 0.9 percent after a 1.8 percent gain in October. Transportation equipment orders gained 1.9 percent and included a 2.4 percent rebound in orders for motor vehicles and parts, according to the latest Census data.
Core capital goods, orders excluding defense and aircraft, rose 0.4 percent from October and 0.8 percent year-over-year. The metric is a closely watched proxy for business spending and follows a 1.6 percent jump in October.
