Durable goods orders in the U.S. exceed expectations

11/27/2012 | IndustryWeek · Wall Street Journal, The

Orders for durable goods in the U.S. were almost unchanged last month but did inch up, making October the fifth month in the past six to show an increase, the Commerce Department reported. Economists had expected new orders to drop by 1.2% in October, according to a Dow Jones Newswires survey. "Clearly, business decision-makers are engaging in just enough capital spending to keep their enterprises going. ... Recent data continue to suggest that U.S. factory sector growth, while having slowed significantly, is at least staying above water," said MAPI senior economist Cliff Waldman.

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IndustryWeek · Wall Street Journal, The

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