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  • Writer's picturePete

More Signs of Strength

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.

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