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Capital goods orders up for 2 straight months
Published Tue, May 26, 2015 · 09:50 PM
Washington
US business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness.
The Commerce Department said on Tuesday that non-defence capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 1 per cent last month after an upwardly revised 1.5 per cent increase in March.
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