AI Infrastructure Spending Extends Core Capital Goods Growth in September
By PYMNTS
AI summary of the source article
Durable goods orders rose in September, driven by demand for artificial intelligence infrastructure, business equipment, and transportation equipment. According to Census Bureau data, new orders for nondefense capital goods excluding aircraft increased by 0.5%.
Key facts
- Durable goods orders increased in September, driven by demand for AI infrastructure, business equipment, and transportation equipment.
- New orders for nondefense capital goods excluding aircraft rose by 0.5% in September, according to the Census Bureau.
Source excerpt · PYMNTS
Demand for artificial intelligence infrastructure, business equipment and transportation equipment drove an increase in durable goods orders in September, according to data released Tuesday (Oct. 27) by the Census Bureau. New orders for nondefense capital goods, excluding aircraft, increased by 0.5% in September, according to the Census Bureau’s data on durable goods manufacturers’ shipments and […