The Traderszone Network

Published in TZ Latest News 25 July, 2014 by The TZ Newswire Staff

U.S. durable goods orders rebound, core capital goods rise

The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products. “This is consistent with broad, increasing demand throughout the economy,” said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining 1.2 percent the prior month.

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