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U.S. Durable Goods Orders Beat Expectations

Bloomberg (01/26/12) Bob Willis

Orders for U.S.-made durable goods rose 3.0% in December after a revised 4.3% gain the prior month that was more than previously estimated, the U.S. Commerce Department reports. Economists projected a 2.0% increase, according to the median forecast in a Bloomberg News survey. Increases in consumer and business spending, combined with lean inventories, may keep driving production in coming months and spur the expansion.