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
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Washington
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, after increasing 1.4 per cent in June, data from the Commerce Department showed on Wednesday in Washington.
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