WASHINGTON — U.S. businesses stepped up their spending on industrial machinery, steel, and other big-ticket items last month, a sign that one of the economy's weak spots may be improving.
The Commerce Department says a measure that tracks business investment rose 0.9
Orders for all big-ticket factory goods fell 4.6
The data suggests businesses may be loosening their purse strings after more than a year of cutbacks that have weighed on the economy. Business investment spending is down 3.9