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US November factory orders rise

01-05-2012 14:21 BJT

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A U.S. government report shows on Wednesday, new orders for factory goods rose solidly in November, but business spending on capital goods is cooling.

The Commerce Department says, as demand for transportation equipment surged, especially an over 70 percent soar on civilian aircraft needs, orders for manufacturing goods increased 1.8 percent, snapping two consecutive months of declines.

Meanwhile, orders for non-defense capital goods excluding aircraft, seen as a measure of biz confidence and spending plans, fell over one percent in the same period.

 

Editor:Zhang Rui |Source: CNTV.CN

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