Tags: us core capital goods

US Core Capital Goods Orders Unexpectedly Rise

US Core Capital Goods Orders Unexpectedly Rise
(Dreamstime)

Friday, 24 March 2023 08:50 AM EDT

New orders for key U.S.-manufactured capital goods unexpectedly rose in February, but data for the prior month was revised sharply down, suggesting that business spending on equipment could be struggling to rebound in the first quarter.

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 0.2% last month, the Commerce Department said on Friday.

Data for January was revised lower to show these so-called core capital goods orders rising 0.3% instead of 0.8% as previously reported. Economists polled by Reuters had forecast core capital goods orders unchanged.

© 2026 Thomson/Reuters. All rights reserved.


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New orders for key U.S.-manufactured capital goods unexpectedly rose in February, but data for the prior month was revised sharply down, suggesting that business spending on equipment could be struggling to rebound in the first quarter.
us core capital goods
94
2023-50-24
Friday, 24 March 2023 08:50 AM
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