Sales of airplanes help push factory orders higher

January 7, 2014 

U.S. factory orders climbed in November, led by a surge in aircraft demand.

And businesses stepped up spending on machinery, computers and other long-lasting goods, a sign of investment that could fuel economic growth.

Factory orders rose 1.8 percent in November, the Commerce Department said Monday. That follows a 0.5 percent decrease in October.

Orders received by manufacturers totaled a seasonally adjusted $497.8 billion in November, the highest level on record dating to 1992. Orders have increased 2.5 percent over the past 12 months.

The improvements could signal accelerating growth in 2014.

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