Orders for U.S. Business Equipment Increase More Than Forecast

Orders for U.S. Business Equipment Increase More Than Forecast

Published in Bloomberg Markets

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

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 Thursday. The median forecast in a Bloomberg survey called for a 0.4 percent increase. Demand for all durables — items meant to last at least three years — fell 4.6 percent on a slump in orders for planes.

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