US core capital goods orders beat expectations in September
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US core capital goods orders increased by 0.5% in September, surpassing expectations of a 0.1% rise; August orders were revised to a 0.3% gain; core capital goods shipments fell by 0.3% after a 0.1% dip in August; non-defence capital goods orders dropped 4.5% in September following a 4.4% decline in August; business investment in equipment rose at a 9.8% annualized rate in Q2, contributing to a 3.0% GDP growth; growth estimates for Q3 are as high as 3.4%; advance estimate of Q3 GDP to be published next week.

#UsEconomy #CapitalGoods #BusinessInvestment #Gdp #EconomicGrowth #CommerceDepartment #September2024 #FinancialConditions #InterestRates #Manufacturing

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