Durables Goods Orders Rise in December
.S. orders for durable goods rose 1.3% in December, the Commerce Department said Thursday.
Orders of goods made to last at least three years rose to $228 billion and the December rise followed a 5.4% jump in November, Commerce said.
The rise was greater than analysts’ forecasts of a 1% increase, Bloomberg reported. For the year, durable goods orders rose 8.2%, following 2004’s 10% gain.
rucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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