Rise in US Orders for Core Capital Goods Best in 5 Months

Rise in US Orders for Core Capital Goods Best in 5 Months

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shipping containers stacked on shipOrders by U.S. companies for core capital goods like machinery, considered a proxy for business investment, rose 1.7 percent in October, the best showing since a 2.3 percent rise in May, the Commerce Department said Tuesday.

U.S. factory activity also grew in October for a second straight month, according to the Institute for Supply Management.

(READ the AP report in the Miami Herald)

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