Durable Goods Orders Edge Up 0.2% In November

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While the Commerce Department released a report on Thursday showing a rebound in new orders for durable goods in November, the pace of growth was well below economist estimates due largely to a drop in orders for transportation equipment.

The report showed that durable goods orders edged up by 0.2 percent in November following an unrevised 0.6 percent decrease in October. Economists had been expecting a somewhat more substantial increase in orders of about 0.5 percent.

While the Commerce Department released a report on Thursday showing a rebound in new orders for durable goods in November, the pace of growth was well below economist estimates due largely to a drop in orders for transportation equipment. (Market News Provided by RTTNews)