Orders at US factories for business equipment rose in January for the most over the past four months, exceeding analysts’ estimates, according to Bloomberg.
In particular, the value of orders for basic capital goods, an indicator for investments in equipment not including aircraft and military equipment, increased by 0.9% after the revised rise last month by 0.4%, according to data announced the US Department of Commerce.
At the same time, orders for durable goods increased by 1.6% in January from the previous month.
It is noted that the average estimates of analysts in a Bloomberg poll spoke of a 0.3% increase in capital goods and 1% in permanent.
Source: Capital
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