U.S. exporters of capital goods enjoying more pricing power

EXPORT PRICES of American-made capital goods increased 2 percent year over year. / BLOOMBERG
EXPORT PRICES of American-made capital goods increased 2 percent year over year. / BLOOMBERG
NEW YORK - Foreign customers of United States capital-equipment manufacturers were paying up in April. Export prices of American-made capital goods jumped 2 percent from a year earlier, the biggest annual increase since August 2008, Labor Department figures showed on Friday. Caterpillar Inc.’s monthly dealer statistics showed total sales for the company’s machines for April…
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