Durable goods orders up in Nov.
WASHINGTON — Orders to U.S. factories for big-ticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.
The November gain in orders for durable goods, items expected to last at least three years, followed stronger gains in recent months including a 3.8% rise in October, the Commerce Department said Wednesday.
A key category that serves as a proxy for business investment spending rose a modest 0.4% in November following much stronger gains of 3.6% in October and 3.9% in September.
Analysts are concerned that business investment could begin to fade if the resurgence of the coronavirus curtails demand.
The November gain in orders for durable goods, items expected to last at least three years, followed stronger gains in recent months including a 3.8% rise in October, the Commerce Department said Wednesday.
A key category that serves as a proxy for business investment spending rose a modest 0.4% in November following much stronger gains of 3.6% in October and 3.9% in September.
Analysts are concerned that business investment could begin to fade if the resurgence of the coronavirus curtails demand.
PREVIOUS ARTICLE
