U.S. Capital Goods Orders Rise for First Time in Three Months

  • Bookings for all durable goods drop by most since August 2014
  • Shipments of capital equipment, durable goods inventories fall

Orders for business equipment rose in June for the first time in three months, eking out a small gain that shows companies are in no rush to significantly ramp up investment, according to a report Wednesday from the Commerce Department.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.