US Core Capital Goods Orders Decline Amid Policy Uncertainty
Orders placed with US factories for business equipment unexpectedly declined in June, suggesting companies remained cautious about capital spending due to trade and fiscal policy uncertainty.
The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, decreased 0.7% last month after an upwardly revised 2% gain in May, Commerce Department figures showed Friday.
Bookings for all durable goods — items meant to last at least three years and including orders for commercial aircraft and military equipment — fell 9.3%. Earlier this month, Boeing Co. reported a slowdown in June orders.
Source : Bloomberg
