Tags: us core capital goods demand in march | commerce department

US Core Capital Goods Orders Beat Expectations

GM Plant
Entrance to a General Motors assembly plant in Wentzville, Mo. (AP)

Tuesday, 26 April 2022 08:52 AM EDT

New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum.

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.0% last month, the Commerce Department said on Tuesday. These so-called core capital goods orders fell 0.3% in February.

Economists polled by Reuters had forecast core capital goods orders rebounding 0.5%.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
New orders for U.S.-made capital goods rebounded more than expected in March, suggesting that business spending on equipment ended the first quarter with strong momentum.
us core capital goods demand in march, commerce department
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2022-52-26
Tuesday, 26 April 2022 08:52 AM
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