New orders for core manufacturing capital goods in the US increased in September, and shipments of related products rose sharply, indicating that corporate equipment spending continued to grow strongly in the third quarter. The US Department of Commerce's Census Bureau said on Tuesday that orders for non-defense capital goods excluding aircraft increased by 0.5% in September, and the indicator increased by 1.6% in August. Economists had previously expected a 0.7% increase. Shipments of core capital goods used to calculate the equipment expenditure portion of GDP increased sharply by 1.2% in September, higher than the 0.6% increase in August. Driven by massive investment in the AI sector, enterprise equipment spending has achieved double-digit growth for two consecutive quarters, providing important support for the manufacturing industry and the overall economy. Economists expect that the preliminary GDP value for the third quarter announced by the US government on Thursday will show an annualized economic growth rate of more than 3.0%. However, investors are increasingly concerned about the rising costs of long-term projects, as the returns of these projects remain uncertain. Over the past year, tech companies raised huge loans to spend in the AI sector.

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