Gauge of business investment posts solid gain


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.

Going over the cliff could drain about $600 billion from an already fragile economy. more> http://tinyurl.com/cuz28r2

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