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The US: Capital Goods Orders Slowed, While Durable Goods Orders Surge 11.2%

The US: Capital Goods Orders Slowed, While Durable Goods Orders Surge 11.2%: Orders for non-defense capital goods excluding aircraft, a closely watched

The US: Capital Goods Orders Slowed, While Durable Goods Orders Surge 11.2%
Yazar: Nora Palmer

Yayınlanma: 26 Ağustos 2020 21:50

Güncellenme: 7 Kasım 2024 04:50

The US: Capital Goods Orders Slowed, While Durable Goods Orders Surge 11.2% Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.9% last month, the Commerce Department said on Wednesday. These so-called core capital goods orders jumped 4.3% in June. while new orders for key U.S.-made capital goods slowed in July, suggesting the rebound in business investment could become more gradual amid uncertainty about the course of the Covid-19 pandemic, even as the recovery in manufacturing appears to be gaining traction. Economists polled by Reuters had forecast such orders climbing 1.9% in July. Overall durable goods surged 11.2% in July, compared with expectations of an increase of 4.3% and a 7.6% increase a month earlier.   You might also be interested in:

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