Editor Desk
Aug 25, 20161 min
Manufacturing picked up for the second straight quarter in the United States, with the demand for capital goods increasing. Economic experts believe this could signal an increase in business spending. Furthermore, the economy picked up on Thursday, after fewer people than expected filed for unemployment benefits. According to the Department of Commerce, non-aircraft and non-defense capital goods saw a gain of approximately 1.6% due to a higher volume of orders. This is the first time since January of last year that capital goods saw a back to back increase.