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U.S. core capital goods orders rise solidly in August


Household appliances are offered for sale at Home Depot in Chicago, Illinois.

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New orders for key U.S.-made capital goods increased solidly in August, keeping business spending on equipment on track for another quarter of strong growth.

The Commerce Department said on Monday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.5% last month. These so-called core capital goods orders gained 0.3% in July.

Economists polled by Reuters had forecast core capital goods orders increasing 0.4%.



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