Wednesday, 27 February 2013

Economy News Headlines - Yahoo! News: Business spending plans gauge hits one-year high

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Business spending plans gauge hits one-year high
Feb 27th 2013, 15:31

Auto assembly line robots weld on the frame of 2009 Dodge Ram pick-up trucks at the Warren Truck Assembly Plant in Warren, MichiganWASHINGTON (Reuters) - A gauge of planned U.S. business spending increased by the most in just over a year in January, a sign businesses were becoming more confident in the durability of the economic recovery. The case for the economy's resilience was bolstered by another report on Wednesday showing that contracts to buy previously owned homes approached a near three-year high last month. Housing is expected to underpin growth this year. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, jumped 6. ...


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