Economics
Capital Goods Orders in U.S. Climb by the Most in Four Months
- Orders for business equipment rose 0.9%, exceeding forecast
- Jump in total durables orders boosted by computers, machinery
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Orders placed with U.S. factories for business equipment rose in January by the most in four months, exceeding forecasts and consistent with resilient capital spending and pointing to steady manufacturing growth.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, increased 0.9% after a revised 0.4% gain a month earlier, Commerce Department figures showed on Friday.