Orders for U.S. Capital Goods Climb by Most Since June 2014
- Broad-based rise shows industries shook off energy malaise
- Bookings for all durable goods increased by most since March
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Orders for U.S. capital goods rebounded in January by the most since June 2014, representing a pause in manufacturing’s downturn.
Bookings for non-military equipment excluding commercial aircraft jumped 3.9 percent, more than forecast, after a 3.7 percent decrease in December that was smaller than previously reported, data from the Commerce Department showed Thursday. Orders for all durable goods -- items meant to last at least three years -- rose 4.9 percent, the most since March.