Reuters – The Commerce Department said on Friday (Dec 21) that non-defense capital goods orders excluding aircraft, a closely watched proxy for investment plans, jumped 2.7 percent last month, the second straight month of solid gains.
Shipments of non-defense capital goods orders excluding aircraft, used to calculate equipment and software spending in the gross domestic product report, gained 1.8 percent.
- Demand for U.S. Capital Goods Climbs in Spending Rebound (bloomberg.com)
- Gauge of investment plans flat, orders for durables up (news.terra.com)
- Report Signals Lift in Business Spending (nytimes.com)