Economics
U.S. Capital-Equipment Orders Rebound by More Than Forecast
U.S. February Durable Goods Orders Rebound 3.1%
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Orders placed with U.S. factories for business equipment snapped back in February after two months of declines, consistent with steady manufacturing growth, a Commerce Department report showed Friday.
The bigger-than-expected rebound in the data suggests corporate outlays for equipment will remain strong in the first three months of 2018 after accelerating for five straight quarters, and some analysts may upgrade tracking estimates for first-quarter figures. While there still may be a tempering in the pace of investment, spending continues to be supported by firmer global economic growth and lower tax rates.