New orders for key U.S.-made capital goods increased by 1.7 percent in August and shipments maintained their upward trend. The data pointed to underlying strength in the economy despite an anticipated drag to growth from Hurricanes Harvey and Irma. Business investment has been buoyed by the energy sector, where oil and gas drilling has rebounded after declining in the wake of a collapse in crude oil prices.
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Wednesday, September 27, 2017
August durable goods orders rose more than expected, shaking off storm impacts
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