US Non Defense Goods Orders Ex Air (Nov) 0.7% (Prev. 0.3%, Rev. From 0.5%)
Newsquawk Staff ·
US Non Defense Goods Orders Ex Air (Nov) 0.7% (Prev. 0.3%, Rev. From 0.5%)
What it means
The recent print for US Non-Defense Goods Orders Ex-Air shows an increase of 0.7%, up from a prior reading of 0.3%, which has been revised from 0.5%. This notable rise aligns with expectations for a strengthening in business investment, suggesting a positive outlook on manufacturing and overall economic activity, which could have implications for future Fed policy and growth forecasts.
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