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Orders for US Business Equipment Rise by Most in Over a Year

By Molly Smith
From Bloomberg Business

Orders for US Business Equipment Rise by Most in Over a Year

Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.

The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.7% last month after a revised 0.1% decline in October, government figures showed Monday. The data aren't adjusted for inflation.

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