Orders for U.S. Equipment Stall as Companies Curb Spending
This article is for subscribers only.
Orders for U.S. equipment such as computers and electrical gear barely rose in September, pointing to a slowdown in business investment that will weigh on growth.
Bookings for non-defense capital goods excluding aircraft, a proxy for future spending, rose 0.2 percent after advancing 0.3 percent in August and dropping 5.6 percent in July, Commerce Department data showed today in Washington. Total factory orders jumped 4.8 percent, the most since March 2011 and led by a rebound in aircraft demand.