These so-called core capital goods orders increased 0.9 percent in January, instead of rising 0.8 percent as previously reported. Economists polled by Reuters had forecast core capital goods orders unchanged in February. Core capital goods orders increased 2.6 percent on a year-on-year basis. Shipments of core capital goods were unchanged in February after an upwardly revised 1.0 percent rise in the prior month. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement.

Source: Ethiopian News April 02, 2019 12:33 UTC