U.S. Economy: Durables Show Investment Picking Up

Business investment in the U.S. picked up in the second quarter, helping sustain the economic recovery, June data on durable goods showed today.

Orders for non-military capital equipment excluding aircraft climbed 0.6 percent last month after jumping 4.6 percent in May, more than previously reported, figures from the Commerce Department showed in Washington. Sales of such gear, used in calculating gross domestic product, also rose.