Subscribe Register Login

Monday, August 31, 2015, 6:55 p.m.
Top Picks - Arkansas Daily Deal

U.S. orders for core capital goods up 1.7%

By The Associated Press

This article was published November 27, 2012 at 8:14 a.m.

— U.S. companies in October increased their orders of machinery and equipment that signal investment plans by the largest amount in five months, a hopeful sign for future economic growth.

Orders for core capital goods, considered a proxy for business investment, rose 1.7 percent in October, the best showing since a 2.3 percent rise in May, the Commerce Department said Tuesday.

Orders in this category had slowed beginning in the spring, acting as a drag on overall economic growth.

Total orders for durable goods were unchanged in October at $216.9 billion after a 9.2 percent jump in September that had been driven by a surge in demand for commercial aircraft.

In October, demand for machinery, primary metals and communications equipment increased, while orders for autos, airplanes and computers fell.

ADVERTISEMENT

Comments on: U.S. orders for core capital goods up 1.7%

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

ADVERTISEMENT

ADVERTISEMENT

Top Picks - Arkansas Daily Deal
Arkansas Online