AI Infrastructure Spending Extends Core Capital Goods Growth in September

Overview

Demand for artificial intelligence infrastructure, business equipment and transportation equipment drove an increase in durable goods orders in September, according to data released Tuesday (Oct. 27) by the Census Bureau. New orders for nondefense capital goods, excluding aircraft, increased by 0.5% in September, according to the Census Bureau’s data on durable goods manufacturers’ shipments and […] The post AI Infrastructure Spending Extends Core Capital Goods Growth in September appeared first

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