Reported about 18 hours ago
In June, new orders for key U.S. capital goods unexpectedly declined, while shipments increased moderately, indicating a slowdown in business equipment spending for the second quarter. Economists suggest that ongoing uncertainty regarding tariffs is causing businesses to delay investment plans. Core capital goods orders dropped 0.7%, despite a rise in shipments, reflecting a moderation in equipment spending growth which had surged in the previous quarter. Overall, the data points to cautious business sentiment moving forward.
Source: YAHOO