New orders for key U.S.-manufactured capital goods rebounded sharply in May, indicating broad-based demand recovery. The report suggests business spending on equipment will likely support second-quarter economic growth. While positive for the macro outlook, the article is primarily a backward-looking economic data release with limited immediate market impact.
New orders for key U.S.-manufactured capital goods rebounded sharply in May, indicating broad-based demand recovery. The report suggests business spending on equipment will likely support second-quarter economic growth. While positive for the macro outlook, the article is primarily a backward-looking economic data release with limited immediate market impact.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
