US business spending rises for 3rd month, boosting factories

U.S. businesses ramped up their investment in industrial machinery, semiconductors and other big-ticket items last month, boosting demand for factory goods. A measure that tracks business spending plans climbed 0.8 percent in December, after jumping 1.5 percent the previous month, the Commerce Department said Friday. Orders for all durable goods, which are meant to last longer than ...

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US business spending rises for 3rd month, boosting factories

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