Weekly Jobless Claims Slide, Durable Goods Orders Surge |
| CNBC - Oct 25, 2012 |
A gauge of planned U.S. business spending was flat in September, a sign that heightened uncertainty is weighing on factories although new orders for long-lasting manufactured goods increased during the month.
Other data on Thursday showed the number of Americans filing new claims for unemployment benefits fell last week, giving a clearer sign that the labor market is healing after wild fluctuations in the data at the beginning of October.
New orders for capital goods outside of defense and excluding aircraft, a proxy for business spending plans, was unchanged last month at $60.3 billion, Commerce Department data showed. (Read More: Companies Are Sitting on More Cash Than Ever Before)
That was short of economists' expectations for a 0.7 percent gain.
"The data then fits with yesterday's Fed assessment that growth in business investment has slowed," said Alan Ruskin, a currency strategist at Deutsche Bank in New York.
Read Full Article from CNBC
- Posted: 2012-10-25 15:14:25
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