Lates News

The increase in U.S. business equipment orders in February indicates that businesses were advancing their investment plans before the outbreak of the Iran war. Data released by the U.S. Department of Commerce on Tuesday showed that orders for non-defense capital goods (excluding aircraft) grew by 0.6% in February, with the median economist forecast being a growth of 0.5%. Overall durable goods orders fell by 1.4%, mainly reflecting a decrease in aircraft orders. Boeing reported a decrease in aircraft orders received in February compared to the previous month. The durable goods report showed increases in orders for computers, automobiles, metals, and machinery. Economists expect that with businesses continuing to invest in artificial intelligence and take advantage of more favorable tax provisions, commercial investment will remain robust this year. It is still unclear how cautious businesses will become due to the Iran war.