US Core Capital Goods Orders Rise in August
New orders for key US capital goods increased 1.6 percent in August, beating forecasts and pointing to robust business spending driven by artificial intelligence infrastructure demand.
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New orders for key United States-manufactured capital goods jumped 1.6% in August, beating forecasts and pointing to robust growth in equipment spending. The Commerce Department report follows an S&P Global Inc survey showing accelerated business activity in September. The artificial intelligence infrastructure buildout is driving a real investment boom that is carrying the broader economy forward.
