US September Durable Goods Shipments Rise 0.9%
Durable goods shipments rose 0.9% in September. Nondefense capital goods shipments excluding aircraft increased 1.2%, versus 0.6% in August.
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12:38:02 PM UTC
SquawkNews
New orders for key US-manufactured capital goods increased in September and shipments of these products surged, suggesting business spending on equipment maintained a robust growth pace in the third quarter, though doubts are mounting over the huge cost of building out AI infrastructure.Non-defense…