Durable goods orders up 5.9%
Orders for expensive durable goods rose a strong 5.9 percent in November, reversing a slump in orders to US factories a month earlier, the Commerce Department reported Tuesday. Military business led the pickup. The increase contrasted with a steep 4.7 percent fall in orders for big-ticket items - everything from cars to refrigerators - recorded in October.Skip to next paragraph
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The October figure was revised from an originally reported 5.1 percent drop. The Commerce Department said last month's order rise was the largest single-month increase since an 8.2 percent gain in November 1984.