According to data released today from the Department of Commerce, orders for non-defense capital-equipment goods excluding aircraft rose 1.5% in March after a 4.3% gain in February. Such core capital-goods orders are considered the best gauge of capital spending by businesses, and are also considered a leading economic indicator. The two-month increase of 5.8% in new orders for capital goods was the strongest two-month gain in more than four years, since the 6.5% two-month increase for December 2004 and January 2005.
Thanks to Larry Kudlow for the alert on this.
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→5.8% Two-Month Increase in Capital Goods Orders is Strongest 2-Month Gain in More Than 4 Years
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→https://manufacturing-holdings.blogspot.com/2009/04/58-two-month-increase-in-capital-goods.html
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