Pete
Oct 27, 20201 min
U.S. core capital good orders beat expectations in September
PUBLISHED TUE, OCT 27 20208:31 AM EDT
Reuters
New orders for key U.S.-made capital goods rose more than expected in September, wrapping up a quarter of potentially record growth in business spending and the overall economy.
Overall durable goods orders jumped 1.9% in September, compared with expectations of an increase of just 0.5%.
The economy received a boost from fiscal stimulus aimed at softening the blow from the Covid-19 pandemic.