Orders for U.S. Capital Equipment Rose in December

Orders for U.S. capital equipment climbed in December for a second month, a sign companies continue to invest as demand recovers from the worst recession in seven decades.

Bookings for goods like computers and communications gear excluding aircraft climbed 1.4 percent after a 3.1 percent gain in November that was larger than previously estimated, figures from the Commerce Department showed today in Washington. Total orders fell 2.5 percent, depressed by volatile demand for aircraft, which plunged 99 percent.

Manufacturers from General Motors Co. to General Electric Co. are benefiting from increasing demand as the global recovery strengthens. Even so, the Federal Reserve yesterday said the U.S. economy wasn’t growing fast enough to spur bigger job gains and pledged to stick to a plan to buy $600 billion in assets by June.

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- Posted: 2011-01-27 09:42:22

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