How bad is the Economy? Business Investment Orders Jump, Beating All Forecasts.
Nondefense capital goods orders excluding aircraft—a closely watched proxy for business investment—climbed 1.1 percent last month, the Commerce Department said Tuesday. This was stronger than even the most optimistic forecasts and much better than the 0.3 percent consensus estimate. Core capital-goods shipments, which feed directly into GDP, rose 0.7 percent after edging up 0.1 percent in June.
How could this be? Tariffs were killing the economy, remember? Year to date, durable-goods orders are up 7.3 percent from the same period in 2024, led by a 19 percent rise in transportation equipment. Core capital goods orders are up 2.3 percent year to date. Figures are seasonally adjusted and not price adjusted.
Breitbart was used as a source.
