November durable-goods orders jump 0.7%

WASHINGTON (MarketWatch)
Orders for long-lasting goods jumped in November, in data suggesting a surprisingly strong and broad increase in corporate spending, according to a report released Friday
The Commerce Department said durable-goods orders increased 0.7% in November, and importantly, the government upwardly revised October's reading to growth of 1.1% from a previously estimated 0.5% advance
Economists polled by MarketWatch had forecast just a 0.1% advance in November
A category known as core capital goods, which excludes aircraft as well as defense capital goods, climbed 2.7% in November, after a 3.2% pickup in October