Economic News Update

Capital Goods Orders, Sentiment Improve: U.S. Economic Takeaways

The increase in capital goods bookings marks the first back-to-back advance since early 2015 and signals companies are becoming more willing to boost spending. This is a relief, given that business investment on equipment has subtracted from economic growth for the last three quarters, leaving consumer spending to do the heavy lifting. Inventories of durable goods picked up after six straight declines, another hopeful sign for third-quarter growth.

 

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Economic News Update

Capital Goods Orders, Sentiment Improve: U.S. Economic Takeaways

The increase in capital goods bookings marks the first back-to-back advance since early 2015 and signals companies are becoming more willing to boost spending. This is a relief, given that business investment on equipment has subtracted from economic growth for the last three quarters, leaving consumer spending to do the heavy lifting. Inventories of durable goods picked up after six straight declines, another hopeful sign for third-quarter growth.

 

Read More

Comment here