Durable Goods Orders Increase Monday, January 28, 5:31 PM ET
The Commerce Department announced on Monday that durable goods orders increased sharply in December, an indication that spending on big-ticket items remains healthy. Orders for durable goods increased by 4.6 percent last month from November to a seasonally adjusted $230.74 billion. The increases were mainly for transportation and defense spending. Results beat expectations, with economists forecasts an increase of two percent.
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