Orders for U.S. Capital Goods Decline by Most Since February
A worker assembles components for a round baler at a factory in New Holland, Pennsylvania.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction.
Bookings for non-military capital goods excluding aircraft dropped 1.2 percent, erasing a 1.2 percent August gain that was stronger than previously reported, Commerce Department data showed Thursday. The median forecast of economists surveyed by Bloomberg called for a 0.1 percent drop. Demand for all durable goods eased 0.1 percent.