Durable Goods Orders Grew 1.2% in December
New orders for manufactured durable goods increased 1.2% in December to $254.4 billion, following a 1.0% November rise, according to the U.S. Census Bureau. Transportation equipment drove the increase, growing 3.3% to $90.2 billion over the month. December’s pace was the fastest since June. New orders excluding defense grew 1.8% on the month, while orders