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U.S. factory orders surge 0.7% in November

U.S. factory orders surge 0.7% in November (by Jeffry Bartash)

WASHINGTON (MarketWatch) - U.S. factory orders jumped 0.7% in November to $423.9 billion, well ahead of the MarketWatch forecast for a 0.1% increase. Orders for October were also revised to show improvement. Orders in October fell 0.7% instead of the originally reported 0.9%, the Commerce Department said Tuesday. Excluding transportation, factory orders rose a sharper 2.4% in November. A steep drop in the sale of aircraft prevented factory orders from rising even higher.