Business investment on productivity-enhancing equipment continues to be one of the brightest spots across the U.S. economy. Encouraged by spending on infrastructure and manufacturing, along with the promise of artificial intelligence, businesses were not afraid to spend more on capital goods, ... READ MORE >
core capital good orders
Business spending on equipment falls more than expected
Orders and shipments of core capital goods that exclude defense and aircraft spending, a key measure of private business investment, both fell by 0.4% in March, the Commerce Department reported on Wednesday. It is now clear that the nonresidential component of private investment has caught up ... READ MORE >
Business spending on equipment rose in January
Investments in business equipment posted a sharp rebound in January after two consecutive months of disappointing declines. While the Commerce Department’s data released on Monday showed some resilience from private businesses, there were reasons to be cautious because January’s data can be ... READ MORE >
Core capital goods investments grow while pending home sales fall
Strong durable goods orders and shipments in July showed that businesses continue to make long-term investments despite rising prices and concerns of a recession. Although the top-line number for new orders reported by the Commerce Department on Wednesday remained flat on the month compared to June, ... READ MORE >