Reported about 2 months ago
New orders for key capital goods in the US fell unexpectedly in July, with revised data for June indicating weakened business investment momentum. Orders for non-defense capital goods excluding aircraft decreased by 0.1% after a 0.5% revised increase in June, contrasting economists' expectations for no change. Despite significant growth in equipment spending earlier this year, the Federal Reserve's ongoing interest rate policies have raised concerns about future business spending.
Source: YAHOO