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U.S. companies placed more orders in December

8:10 AM, Jan 28, 2013   |    comments
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MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) - U.S. companies placed more orders for long-lasting goods in December from November, helped by large increase in aircraft demand. But businesses pulled back on orders that indicate investment plans.

The Commerce Department says orders for durable goods increased 4.6 percent. The increase was driven by a 10 percent gain in aircraft orders.

A core category that measures business investment plans rose just 0.2 percent, after two strong months of gains.

Orders for durable goods, which are expected to last three years, can be volatile from month to month.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

AP

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