US Core Capital Goods Orders Surpass Expectations in March
US core capital goods orders rose 3.3% in March, exceeding expectations of a 0.5% increase, indicating strong business spending on equipment. Shipments of core capital goods also surged, suggesting a positive impact on first-quarter economic growth. However, concerns about the U.S.-Israel war with Iran and its effect on commodity prices may temper future investment.
Topics: AI investment business spending capital goods economic growth GDP forecast U.S.-Israel conflict