US Core Capital Goods Orders Rise by Most in Nearly Six Years

US core capital goods orders rose 3.3% in March after an upwardly revised 1.6% gain in February, marking the strongest increase since mid-2020. The data points to firmer business investment and healthier demand for equipment, a modestly positive signal for the broader economy.

Analysis

US core capital goods orders rose 3.3% in March after an upwardly revised 1.6% gain in February, marking the strongest increase since mid-2020. The data points to firmer business investment and healthier demand for equipment, a modestly positive signal for the broader economy.