Investing.com - Orders for durable goods, which are meant to last at least three years, rose in November, according to data released on Friday.
Durable-goods orders rose 0.8% last month, the Commerce Department said.
Economists had forecast a 1.6% increase.
That was after the 4.3% decline seen in October.
Excluding the volatile transportation sector, orders decreased 0.3% in November. That missed expectations for a rise of 0.3%.
October’s reading was revised up to a 0.4% gain from an initial 0.2% decrease.
A key measure of business investment, meanwhile, fell in November. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, decreased 0.6% from a month earlier.
Economists had expected an increase of 0.2%.
The prior month’s figure was revised from an initial 0.5% drop to an advance of 0.5%.