Orders placed with US factories for business equipment increased in January by the most in five months, suggesting businesses continue to make longer-term capital investments despite high borrowing costs and lingering economic uncertainty. The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, increased 0.8% last month after a downwardly revised 0.3% decline in December, Commerce Department figures showed Monday. The data aren’t adjusted for inflation. The median forecast in a Bloomberg survey called for no change in core capital goods bookings. Core capital goods shipments, a figure …
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