Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
New orders for durable goods increased 0.7% to $220.9 billion for November, according to a U.S. Department of Commerce report released today . For the same period, inventories bumped up 0.2% to $347.7 billion, the highest level since data was first collected in 1992 .
In October, new orders jumped 1.1%, and have been on the rise for six of the last seven months . Machinery orders went up the most, increasing by $1.0 billion (3.3%) for November .
Transportation equipment inventories have continued to steadily increase, up 34 of the last 35 months. November's 0.7% gain to $114.3 billion (30.5% of total durable goods inventories) is also the highest since data was first collected .
Compared to Nov. 2011, new orders increased by 0.5% and inventories are up 4.6%.