US business investment is exploding right now.
Capital goods shipments (ex-defense, ex-aircraft) hit a record $86B in September—up 11.6% year-over-year. That's the fastest growth since July 2021.
Even wilder: the 3-month annualized rate is running at +16.5%, the strongest pace since 2011 outside the pandemic bounce.
Since October 2024 alone, shipments jumped $12B.
What's driving this? AI infrastructure.
Orders for computers, servers, storage, and related gear are up 27% YoY—the biggest jump since January 1997.
Companies are racing to build out AI capacity. This isn't hype—it's showing up in hard capex data.
The scale of this buildout is massive and it's reshaping corporate spending patterns in real time.
Capital goods shipments (ex-defense, ex-aircraft) hit a record $86B in September—up 11.6% year-over-year. That's the fastest growth since July 2021.
Even wilder: the 3-month annualized rate is running at +16.5%, the strongest pace since 2011 outside the pandemic bounce.
Since October 2024 alone, shipments jumped $12B.
What's driving this? AI infrastructure.
Orders for computers, servers, storage, and related gear are up 27% YoY—the biggest jump since January 1997.
Companies are racing to build out AI capacity. This isn't hype—it's showing up in hard capex data.
The scale of this buildout is massive and it's reshaping corporate spending patterns in real time.
