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MW: November durable-goods orders jump 0.7%
 
By Steve Goldstein
WASHINGTON (MarketWatch) - Orders for long-lasting goods jumped in November, in data suggesting a surprisingly strong and broad increase in corporate spending, according to a report released Friday. The Commerce Department said durable-goods orders increased 0.7% in November, and importantly, the government upwardly revised October's reading to growth of 1.1% from a previously estimated 0.5% advance. Economists polled by MarketWatch had forecast just a 0.1% advance in November. A category known as core capital goods, which excludes aircraft as well as defense capital goods, climbed 2.7% in November, after a 3.2% pickup in October.
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