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Orders for U.S. Capital Equipment Climb by Most Since January
Orders for business equipment climbed in July for a second month, advancing the most since January and indicating U.S. companies are becoming less reluctant to invest. Bookings for non-military capital goods excluding aircraft rose 1.6 percent, exceeding the most optimistic forecast in a Bloomberg survey, after a 0.5 percent June gain, Commerce Department data showed Thursday. Demand for all durable goods -- items meant to last at least three years -- rebounded 4.4 percent, the most since October. The back-to-back increases in capital goods bookings, the first since January 2015, signal sales of such equipment will ... (full story)