American businesses led the purchasing of big-ticket items in the last month in an apparent attempt to beat anticipated higher prices caused by pending tariffs.
The Census Bureau’s monthly report on business activity and purchases of durable goods showed a better than 9% increase in business purchases for March, compared with less than 1% in February.
That increase amounted to a bump of $26.6 billion in sales. The report also indicated transportation-related equipment sales rose 27% with an increase over February of $26.5 billion.
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