The 1.8% increase to $497.9 billion was the highest since 1992.
November was a month to be celebrated in the manufacturing community as new orders increased by $8.8 billion.
The 1.8% increase to $497.9 billion was the highest since 1992 when the government began reporting this data on a NAICS basis.
Transportation equipment, up three of the last four months, accounted for $6.2 billion of the total increase in new orders for durable goods.
For more, read “Manufactured Goods Orders Rise in November” in sister publication IndustryWeek.