U.S. business-equipment demand jumps by most since Jan.

BUSINESS INVESTMENT increased 1.2% in October, according to the Commerce Department. / BLOOMBERG FILE PHOTO/TY WRIGHT
BUSINESS INVESTMENT increased 1.2% in October, according to the Commerce Department. / BLOOMBERG FILE PHOTO/TY WRIGHT
WASHINGTON – Demand for United States business equipment unexpectedly increased in October by the most since the start of the year, a respite from a capital-spending downturn that weighed on third-quarter economic growth. Bookings for commercial equipment excluding aircraft - a proxy for business investment - rose 1.2% following two straight declines, while shipments advanced…

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