Business Spending on Equipment Surges in October
Update: 2025-12-23
Description
New orders for U.S.-manufactured capital goods surged in October, with shipments also climbing, indicating robust business spending on equipment. The core measure, excluding aircraft, rose by 0.5%, beating expectations. Despite tariffs slowing manufacturing, a boom in AI investments is boosting some sectors. Overall durable goods orders fell, but businesses remained confident in equipment buys, keeping the economys momentum going.
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