Business & Investment

Factory orders surged 1% in November

Orders for factory products in the United States increased for the seventh straight month in November. The Commerce Department said Wednesday.

Orders for manufactured goods increased by 1% after an increase of 1.3% in the previous month. The factory was able to adapt its operations to meet the health precautions required for a coronavirus pandemic.

Economists surveyed by The Wall Street Journal expected an increase of 0.8%.

Orders for durable consumer goods increased by 1% in November, slightly revised from the initial estimate of 0.9% a few weeks ago.

Orders for non-durable consumer goods increased 1.1% that month.

Orders for non-defense capital goods, excluding aircraft, increased by 0.5%, revised in November, slightly up from the previous estimate of 0.4%.

Stock prices were mixed in response to the prospect of a two-round vote by the Democratic Party, which has two Senate seats in Georgia.Dow Jones Industrial Average
+ 1.17%

Nasdaq Composite Index increased by 345 points

It went down 42 points.

Factory orders surged 1% in November Factory orders surged 1% in November

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