Household appliances for sale at a Home Depot in Chicago.
Orders to U.S. factories for big-ticket manufactured goods rebounded last month on a surge in demand for military aircraft.
The Commerce Department says orders for durable goods — which are meant to last at least three years — rose 0.6% in October after dropping 1.4% in September. Orders for military aircraft soared 18.1%. Excluding defense, durable goods orders blipped up 0.1%.
The numbers reflected a strike at General Motors, settled in late October. Orders for cars an