Workers assemble watches at a factory in Detroit on Jan. 4, 2017. Jeff Kowalsky/AFP via Getty Images
A closely watched gauge of U.S. business investment rose in July even as overall factory orders fell, suggesting steadier momentum in the United States’ industrial sector.
Non-defense capital goods orders excluding aircraft—a key proxy for business investment in equipment—climbed by 1.1 percent in July, according to a U.S. Census Bureau report published on Sept. 3.
