Orders received by US-located manufacturers of core capital goods spiked by 14% YoY, of machinery by 15%, of IT equipment by 16%.

Orders received by manufacturers in the US of “core capital goods” (durable goods without defense and aircraft), a proxy for business investment, spiked by 1.6% in August from July, and by 14.1% year-over-year, to $88 billion, according to data from the Census Bureau.