Lates News

The greater-than-expected increase in commercial equipment orders in the United States in July indicates that businesses are advancing their investment plans as trade and tax policy uncertainties gradually fade. Data released by the US Department of Commerce on Tuesday showed that core capital goods orders (a key indicator of equipment investment that excludes aircraft and military equipment) increased by 1.1% last month, following a revised 0.6% decline in June. This increase exceeded all the predictions from economists surveyed by Bloomberg. All durable goods orders (goods expected to last for at least three years, including commercial aircraft and military equipment orders) decreased by 2.8%. Earlier this month, Boeing reported that its July orders were lower than in June.