U.S. Durable Goods Orders Surge Much More Than Expected In November
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A report from the Commerce Department revealed that U.S. durable goods orders increased by 5.3% in November, significantly surpassing economists' expectations of a 3.0% rise. This surge followed a 2.1% decline in October and was primarily driven by a 14.7% spike in transportation equipment orders. Excluding transportation, durable goods orders rose by 0.5%.
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