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for transportation equipment showing a substantial increase, the Commerce
Department released a report on Monday showing that orders for
The report showed that durable goods orders surged up by 4.6 percent in December following a 0.7 percent increase in November. Economists had been expecting orders to increase by about 1.6 percent.
Excluding an 11.9 percent jump in orders for transportation equipment, durable goods orders increased by a more modest 1.3 percent in December compared to a 1.2 percent increase in November. Ex-transportation orders had been expected to edge up by 0.4 percent.
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