Home > U.S. Core Capital Goods Orders Fall

News
U.S. Core Capital Goods Orders Fall

Description

New orders for key U.S.-made capital goods fell in August after four straight months of strong gains. Shipments barely rose, but Reuters reports that that will probably not change expectations of solid growth in business spending on equipment in the third quarter. Other data on Thursday showed the goods trade deficit widening sharply last month. This is driven by declining exports and rising imports. But wholesale and retail inventories increased strongly. It should help to offset some of the anticipated drag from trade on economic growth in the third quarter.

Added on the 27/09/2018 10:35:07 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • U.S. Core Capital Goods Orders Rise; Transportation Orders Fall

    A gauge of U.S. business investment spending plans rebounded in May, offering a tentative sign of stabilization in the manufacturing sector after activity weakened sharply early this year. But the lingering effects of lower oil prices and a strong dollar will continue to constrain factory activity for a while. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.4 percent last month. These so-called core capital goods orders slipped 0.3 percent in April.

    23/06/2015 - Wochit
  • US Economy Weakens Overall with Lower Factory Orders but Increased Core Capital Goods Orders

    Reuters has reported that New orders for U.S.-made goods fell more than expected in May, but orders for capital equipment were a bit stronger than previously reported, suggesting the manufacturing sector remained on a moderate growth path. Factory goods orders dropped 0.8 percent, the Commerce Department said on Wednesday after a revised 0.3 percent decline in April. It was the second straight monthly decrease in orders. Economists had forecast factory orders falling 0.5 percent in May after a previously reported 0.2 percent drop in April. Factory orders were up 4.8 percent from a year ago. Manufacturing, which accounts for about 12 percent of the U.S. economy, is losing momentum after gaining steam since mid-2016 amid a recovery in the energy sector that led to demand for oil and gas drilling equipment.

    05/07/2017 - Wochit
  • Core Capital Goods Orders In US Slip, Shipments Strong

    New orders for key U.S.-made capital goods unexpectedly fell in February. A surge in shipments amid demand for machinery and electrical equipment, however, supported expectations for an acceleration in business investment in the first quarter. On Friday the Commerce Department said that non-defense capital goods orders excluding aircraft, dipped 0.1 percent last month after rising 0.1 percent in January. The orders are a closely watched proxy for business spending plans. After declining 0.3 percent in January, shipments of these so-called core capital goods jumped 1.0 percent. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement.

    24/03/2017 - Wochit
  • U.S. Core Capital Goods And Inflation

    According Reuters, New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, but the trend in both measures of business spending on equipment remained soft, leaving forecasts for weak first-quarter economic growth intact. The slowing economy is helping keep inflation tame, with other data on Wednesday showing producer prices barely rising in February, resulting in the smallest annual increase in more than 1-1/2 years.

    13/03/2019 - Wochit
  • U.S. Core Capital Goods Data Underscores Economy's Strength

    New orders for U.S.-made capital goods increased more than expected in August and shipments maintained their upward trend, pointing to underlying strength in the economy despite an anticipated drag on growth from Hurricanes Harvey and Irma. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.9 percent last month after an upwardly revised 1.1 percent gain in July. Economists polled by Reuters had forecast orders of these so-called core capital goods increasing 0.3 percent last month following a previously reported 1.0 percent jump in July.

    27/09/2017 - Wochit
  • Faut-il renforcer la taxe Gafa ? Mounir Mahjoubi : "Pourquoi pas"

    @PascaledeLaTour : "Envisagez-vous de déposer un amendement pour renforcer l'efficacité de la taxe ?". @mounir : "Pourquoi pas mais on a voté une taxe qui va permettre de rapporter entre 400 et 600 millions, c'est déjà la moitié du chemin". #LaMatinaleLCI @LCI #La26.

    25/09/2019 - LCI