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Demand for U.S. durables goods fell 4.6 percent

Staff Writer |
Orders for U.S. business equipment climbed more than forecast in November, a sign corporate investment is starting to firm up.

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Bookings for non-defense capital goods excluding aircraft rose 0.9 percent, the most since August, after a 0.2 percent gain a month earlier, Commerce Department data showed.

Demand for all durables fell 4.6 percent on a slump in orders for planes.

Orders for communications equipment jumped 6.7 percent in November, the most since the start of 2015, the government’s data showed.

Bookings for machinery increased 1.3 percent, the biggest gain since January, while orders for primary metals were the strongest this year.

Shipments of non-defense capital goods excluding aircraft, used in calculating gross domestic product, rose 0.2 percent in November. It followed an October decrease of 0.3 percent, which was weaker than the 0.1 percent decline previously estimated. â– 

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