In March, US core capital goods orders grew 0.2%, indicating cautious business spending on equipment amid elevated input costs.
In March, US core capital goods orders grew 0.2%, following a downwardly revised 0.4% increase in February, indicating cautious business spending on equipment amid elevated input costs. Durable goods orders rose 2.6%, with manufacturing orders also showing growth. Business spending on equipment has been a drag on GDP in four of the last five quarters, but the recent figures suggest some stabilization.
April 24, 2024
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