U.S. core capital goods orders increased in September, with shipments surging

In September, new orders for core manufacturing capital goods in the United States increased, and shipments surged significantly. The U.S. Department of Commerce stated that in September, non-defense capital goods orders excluding aircraft rose by 0.5%, up from 1.6% in August. Shipments of core capital goods increased by 1.2%, higher than the 0.6% in August. Economists expect the annualized GDP growth rate for the third quarter to exceed 3%.