With orders
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.