TKer by Sam Ro

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Businesses are investing in themselves at a record rate πŸ“ˆ
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Businesses are investing in themselves at a record rate πŸ“ˆ

'Face it, the economy is strong' πŸ’ͺ

Sam Ro, CFA
Apr 26
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Core capex orders are up. (Source: U.S. Census Bureau, FRED)

Businesses are betting on more growth.

According to Census Bureau data released on Tuesday, orders for nondefense capital goods excluding aircraft β€” a.k.a. core capex or business investment β€” climbed 1.0% to a record $80.8 billion in March. This was notably stronger than the 0.5% economists expected.

These are orders for expensive equipment1 like industrial machinery and electronic computers, which businesses use to produce the goods and services they sell to their customers.

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