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U.S. Core Capital Goods Orders Fall

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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

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