Business investment is showing signs of recovery

August 25, 2016 12:32 PM

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Orders for long-lasting goods such as cars and computers bounced back sharply in July after two months of declines.

Durable goods orders jumped 4.4% to $228.9 billion, the Commerce Department said Thursday, topping economists' forecast of a 3.7% rise.

Also read: US durable goods orders rose in February, led by aircraft

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