#Economic Report: U.S. factory orders show continued strength in November

Durable-goods orders rose a revised 2.6% in November, up slightly from the initial estimate of a 2.5% gain. Orders for nondurable goods were up 0.7% in the month. 

Orders for nondefense capital goods, excluding aircraft were flat in November. The initial estimate was a 0.1% decline. This category is a key measure of business spending.

Shipments of factory goods rose 0.7% in November. Unfilled orders and inventories also rose 0.7% in the month.

Economists say it is too early to tell how the omicron variant might affect business investment.