Agencies
New orders for key US manufactured capital goods increased more than expected in December and shipments of these products surged, pointing to solid business spending on equipment and economic growth in the fourth quarter.
The strength in the so-called core capital goods orders at the end of the year reported by the Commerce Department on Wednesday, and likely driven by an artificial intelligence investment boom, set the foundation for sustained strength in economic growth in 2026, economists said.
“After the AI boom sustained the…
