A gauge of U.S. business investment plans posted its largest increase in just over a year in July, underscoring the resilience of the economic recovery despite slowing global growth.
The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 2.2% last month, the biggest rise since June last year.
That was on top of an upwardly revised 1.4% increase in June.
The upbeat report suggests the Federal Reserve could still raise interest rates this year.