According to data released by the US Department of Commerce on July 27, US core capital goods orders increased 0.9% month-on-month in June, exceeding market expectations, putting a steady end to corporate capital investment in the first half of 2026. The May data increased by 1.9% after being revised. This core indicator after excluding aircraft and military equipment reflects the continued strong will of the US private sector to invest in equipment. Since this year, US corporate investment performance has continued to be strong, driven by both a surge in AI-related spending and an increase in defense orders driven by geopolitical conflicts. According to the data, orders for computers, communication equipment, electrical equipment, and primary metal products all recorded growth. Among them, AI infrastructure construction has become the core driving force driving enterprise equipment demand. In April of this year, the four major tech giants Alphabet, Meta, Microsoft, and Amazon announced plans to invest a total of up to 725 billion US dollars in AI-related capital expenses in 2026. At the same time, geopolitical tension has also boosted US defence-related orders. However, from a broader perspective, orders for all durable goods, including commercial aircraft and military equipment, increased only 0.3% month-on-month in June, falling short of market expectations, indicating that demand in sectors other than aviation and defense is relatively moderate.

According to data released by the US Department of Commerce on July 27, US core capital goods orders increased 0.9% month-on-month in June, exceeding market expectations, putting a steady end to corporate capital investment in the first half of 2026. The May data increased by 1.9% after being revised. This core indicator after excluding aircraft and military equipment reflects the continued strong will of the US private sector to invest in equipment. Since this year, US corporate investment performance has continued to be strong, driven by both a surge in AI-related spending and an increase in defense orders driven by geopolitical conflicts. According to the data, orders for computers, communication equipment, electrical equipment, and primary metal products all recorded growth. Among them, AI infrastructure construction has become the core driving force driving enterprise equipment demand. In April of this year, the four major tech giants Alphabet, Meta, Microsoft, and Amazon announced plans to invest a total of up to 725 billion US dollars in AI-related capital expenses in 2026. At the same time, geopolitical tension has also boosted US defence-related orders. However, from a broader perspective, orders for all durable goods, including commercial aircraft and military equipment, increased only 0.3% month-on-month in June, falling short of market expectations, indicating that demand in sectors other than aviation and defense is relatively moderate.