US core capital goods orders rose 3.3% in March, the largest gain since 2020, as business investment surges on AI spending. The data follows a revised 1.6% increase in February, signaling continued strength in the sector.
US core capital goods orders increased by 3.3% in March, marking the largest monthly gain since 2020, according to government data. The rise follows a revised 1.6% increase in February, indicating a surge in business investment driven by AI spending.
What happened
US core capital goods orders increased by 3.3% in March, marking the largest monthly gain since 2020, according to government data. The rise follows a revised 1.6% increase in February, indicating a surge in business investment driven by AI spending.
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