U.S. core capital goods orders rose steadily in August

New orders for key U.S.-made capital goods steadily increased in August. Business related spending is thus kept on track for another quarter of strong growth.
“Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.5% last month. These so-called core capital goods orders gained 0.3% in July”, the U. S. Commerce Department said on Monday.
Economists polled by Reuters had forecast core capital goods orders increasing 0.4%.