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.
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Caterpillar Inc.’s monthly dealer statistics showed total sales for the company’s machines for April rose 28 percent on a year-over-year three-month rolling average basis after a 26 percent advance in the previous month.
Last week, the Commerce Department reported that the U.S. trade gap dropped 15.2 percent to a six-month low of $49 billion. Exports were lifted by a $1.9 billion increase in shipments of commercial aircraft.
Alex Tanzi is a reporter for Bloomberg News.
