Reported about 1 month ago
U.S. core capital goods orders rose more than expected in September, indicating a slight increase in business equipment spending, although momentum appears to be slowing down. Despite a potential marginal decline in capital expenditure during the third quarter, with the Federal Reserve expected to lower interest rates further, businesses may benefit from a less uncertain economic environment following the presidential election. Meanwhile, non-defense capital goods orders excluding aircraft rose by 0.5%, suggesting some resilience in investment, while shipment figures have shown mixed results.
Source: YAHOO