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July orders for capital goods post largest rise in more than a year

Bookings for non-military equipment excluding planes rose 2.2 per cent, after climbing 1.4 per cent in June

Orders for all durable goods - items meant to last at least three years - rose 2 per cent, exceeding the forecasts of economists surveyed.


ORDERS for capital goods increased in July by the most in more than a year, showing corporate spending was finding its footing prior to the turmoil in financial markets.

Bookings for non-military equipment excluding planes climbed 2.2 per cent, the most since June 2014,

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