Manufacturing outlook brightens as durable goods orders surge
Source: MSNBC
Orders for long-lasting goods from toasters to aircraft surged in November and a gauge of planned business spending on capital goods recorded its largest increase in nearly a year, pointing to sustained strength in the economy.
The Commerce Department said on Tuesday durable goods orders jumped 3.5 percent as demand increased for a range of goods from aircraft to machinery and computers and electronic products.
Last month's increase, which outpaced economists' expectations for a 2 percent increase, more than reversed October's revised 0.7 percent drop. Excluding transportation, orders rose 1.2 percent, the largest increase since May.
Read more: http://www.nbcnews.com/business/manufacturing-outlook-brightens-durable-goods-orders-surge-2D11792143
Hopefully some jobs come out of this...
