Durable-goods orders rose 3.0% in December, marking the third consecutive month of gains. The increase was fueled in large part by an 18.9% increase in nondefense aircraft and parts, though primary metals, machinery, electronics and communications equipment all saw nice gains.Durable-goods orders measures new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. A durable good is defined as a good which lasts an extended period of time (over three years).
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Cindy Bradley Mortgage Team, Cheyenne, Wyoming