Mumbai, Jan. 30 -- After reporting a notable decrease in new orders for U.S. manufactured goods in the previous month, the Commerce Department release a report on Thursday showing factory orders rebounded by much more than anticipated in the month of November.
The Commerce Department said factory orders surged by 2.7 percent in November after tumbling by a revised 1.2 percent in October.
The bigger than expected rebound by factory orders came as durable goods orders spiked by 5.3 percent in November after plunging by 2.1 percent in October.
Orders for transportation equipment led the way higher, spiking by 14.7 percent in November after plummeting by 6.3 percent in October.
Meanwhile, the Commerce Department said orders for non-durable ...