Business Investment Proxy Jumps Highest Since Jan/13



According to the Commerce Department, orders to U.S. factories advanced strongly in March for a second month while demand in a key category that signals business investment plans increased by the largest amount in more than a year. The strength was further evidence that the economy was rebounding after a harsh winter.

Orders increased $5.3 billion or 1.1% in March after increasing 1.5% in February. Those gains followed two months of declines in December and January. Orders for core capital goods, considered a good proxy for business investment, jumped 3.5% in March, rebounding from a 0.9% drop in February. It was the biggest increase since January 2013.

Economists say rising demand will boost factory production in coming months, helping the overall economy emerge from a winter slowdown.

Transportation equipment led the increase in shipments of manufactured durable goods in March, up $1.0 billion or 1.5% to $70.0 billion. Overall shipments in March, up two consecutive months, increased $2.8 billion or 1.2%.

To view the full Commerce Department report, click here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com