Core capital goods orders in the US increased 0.5% in September, exceeding forecasts.
In September, U.S. core capital goods orders rose by 0.5%, exceeding forecasts of 0.1%. This growth, linked to business spending plans, follows a 0.3% increase in August. However, overall durable goods orders fell by 0.8%, driven by a 3.1% decline in transportation equipment. While higher borrowing costs may slow equipment spending in Q3, improved financial conditions earlier in the year had previously boosted investment.
October 25, 2024
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