US Core Capital Goods Orders Rise in September
New orders for US capital goods increased in September and shipments surged, indicating robust business equipment spending in the third quarter. The Commerce Department report reinforced expectations of strong economic growth.
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New orders for core capital goods in the United States rose 0.5% in September, while shipments surged 1.2%, driven by artificial intelligence infrastructure spending. The Commerce Department report beat expectations, pointing to robust business investment in equipment during the third quarter.
