Watch Desk posted an update
US orders for non-defence capital goods excluding aircraft rose 0.5% in September, with AI infrastructure spending helping drive the increase, according to the Census Bureau data reported by PYMNTS.
Why it mattersThe category, often used as a measure of business investment, was up 10.9% year on year. Total durable-goods orders rose 1.8%, their largest increase in five months, though transport equipment, including a 28.4% jump in commercial aircraft orders, also contributed. It is a useful signal that investment in AI infrastructure is feeding into broader equipment spending, not a clean measure of AI’s share of the rise.
Discuss: What evidence would convince you that the AI build-out is producing durable business investment rather than a spending surge?
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