WASHINGTON — Orders for durable goods jumped 4.6 percent in December, while a gauge of future business spending also rose, a sign that corporate worries over tighter fiscal policy may not have held back investment plans as much as feared at the end of 2012.
The Commerce Department said on Monday that overall durable goods orders jumped 4.6 percent, more than expected.
In addition, non-defense capital goods orders excluding aircraft, a closely watched proxy for investment plans, edged higher 0.2 percent. The government also revised higher its estimate for November.
Analyst estimates for goods orders averaged around 2 percent.
U.S. Durable Goods Orders Exceed Estimates
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U.S. Durable Goods Orders Exceed Estimates
