WASHINGTON (Reuters) – New orders for US-made capital goods unexpectedly fell in November, while shipments rose modestly, suggesting the shortage is hurting companies’ spending on equipment.
Orders for non-defence capital goods excluding aircraft, a closely watched measure for corporate spending plans, fell 0.1% last month, the Commerce Department said on Thursday. These orders from the so-called core capital goods grew 0.9% in October.
Economists polled by Reuters had predicted core capital goods orders would rise by 0.6%.
(By Lucia Mutikani)
The post US Capital Goods Core Orders unexpectedly drop in November first appeared in ISTOÉ MONEY.
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