2017.12.2208:40:00UTC+00U.S. Durable Goods Orders Show Notable Rebound In November

New orders for U.S. manufactured durable goods showed a notable increase in the month of November, according to a report released by the Commerce Department on Friday.

The Commerce Department said durable goods surged up by 1.3 percent in November after falling by a revised 0.4 percent in October.

The increase in orders came in below economist estimates for a 2.0 percent jump, although the revised drop in the previous month was much smaller than the 0.8 percent decrease that had been reported.

Excluding a rebound in orders for transportation equipment, durable goods orders edged down by 0.1 percent in November after spiking by a revised 1.3 percent in October.