Revised U.S. orders data show best 3 months in 20 years

03/6/2013 | Bloomberg

Revised U.S. figures for January show a 7.2% gain from December in orders for nonmilitary capital goods excluding aircraft. The Commerce Department data also show a 9.8% rise in orders since November, the biggest three-month gain in 20 years. "The fundamentals that drive investment activity are improving rapidly. You really do have all this pent-up demand and catch-up activity," said Diane Swonk, chief economist for Mesirow Financial in Chicago.

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