Economy

US Core Factory Orders Rise, Signaling Firmer Business Investment

Despite a decline in the headline factory orders measure, there was resilience in underlying capital goods demand, a proxy for business equipment investment.
US Core Factory Orders Rise, Signaling Firmer Business Investment
Workers assemble watches at a factory in Detroit on Jan. 4, 2017. Jeff Kowalsky/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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A closely watched gauge of U.S. business investment rose in July even as overall factory orders fell, suggesting steadier momentum in the United States’ industrial sector.

Non-defense capital goods orders excluding aircraft—a key proxy for business investment in equipment—climbed by 1.1 percent in July, according to a U.S. Census Bureau report published on Sept. 3.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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