Friends of Manufacturing

Gain in Equipment Orders Underscores Robust U.S. Investment

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U.S. orders for business equipment increased more than forecast in September, indicating solid investment momentum as the third quarter drew to a close, Commerce Department figures showed Wednesday.

The 11.6 percent annualized gain in sales of core capital goods from July through September was the strongest pace in three years, indicating firmer investment in equipment probably boosted third quarter economic growth.

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