U.S. core capital goods data underscores economy’s strength

[McFurd]

The Globe and mail - 9/27/2017 - Ted S. Warren (AP) - New orders for U.S.-made capital goods increased more than expected in August and shipments maintained their upward trend, pointing to underlying strength in the economy despite an anticipated drag on growth from Hurricanes Harvey and Irma. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.9 per cent last month after an upwardly revised 1.1 per cent gain in July. Read more @ https://beta.theglobeandmail.com/report ... e36407836/