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Orders for U.S. Business Equipment Rising Fast

However, high borrowing costs—which have kept the sector in a downturn for the past two years—may stay elevated for some time.

By Molly Smith | December 26, 2024 at 03:48 PM
A robotic machine moves boxes of chocolate. Photographer: Ryan Collerd/Bloomberg.

Orders placed with U.S. factories for business equipment rebounded in November, posting the strongest monthly advance in more than a year.

The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.7 percent last month after a revised 0.1 percent decline in October, government figures showed Monday. The November gain was much stronger than the 0.1 percent gain anticipated by economists. The data isn’t adjusted for inflation.

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