Orders for U.S. Business Equipment Unexpectedly Fell in January
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Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Tuesday.
The figures represented the first back-to-back drops in orders for business equipment since April-May 2016. The latest data included a 0.4 percent decline in orders for machinery, and a 0.8 percent drop in bookings for electrical equipment, appliances and components.