Demand for capital goods used by businesses and consumers rose in December, the sixth consecutive month of rising orders, reaching a new all-time high.
Orders for durable goods—those meant to last three years or more—rose 0.6 percent, excluding aircraft and defense goods. For the year, orders of these so-called core capital goods are up 3.5 percent, providing a boost to U.S. economic output.
Shipments of core capital goods rose 0.9 percent for the month and are up 2.5 percent for 2025.
Economists look to core capital goods as a signal of underlying demand for U.S. factory products. The category is considered a proxy for business investment.
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