Goods Orders in U.S. Rise in Sign Companies Investing

Orders for goods meant to last several years rose in November, pointing to increases in spending and production that will help sustain the expansion into 2010.

Bookings minus demand for transportation equipment, which is often volatile, gained 2 percent last month, almost twice as much as forecast, figures from the Commerce Department showed today in Washington. A 33 percent slump in civilian aircraft limited the gain in total durable goods orders to 0.2 percent.

Companies such as 3M Co. are among those anticipating increases in spending on research and new products next year, which may help sustain growth and generate jobs. A record reduction in inventories over the first nine months of the year will also give factories reason to speed up assembly lines.

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- Posted: 2009-12-24 08:24:48

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