Thursday, January 28, 2010
This is very positive. Capital goods orders have risen at a 19% annual rate since bottoming last April. This reflects rising confidence on the part of businesses, and it's new investment that will help raise the productivity of workers in the future. Orders are still relatively low from an historical perspective, but they are definitely going up, and that is a very positive change on the margin.
Posted by Scott Grannis at 8:47 AM