Orders for business equipment at U.S. factories unexpectedly fell for a second month, a sign that demand is cooling from its hot pace in recent quarters, a Commerce Department report showed Tuesday.
Highlights of Durable Goods Non-military capital goods orders excluding aircraft declined 0.2% (est. up 0.5%) after falling 0.6% the prior month. Shipments of those goods, which are used to calculate gross domestic product, rose 0.1% (est. up 0.3%) after an upwardly revised 0.7% increase. Bookings for all durable goods, items meant to last at least three years, dropped 3.7% (est. 2% decline) following a downwardly revised 2.6% increase. Excluding transportation-equipment demand, which is volatile, orders fell 0.3% (est. up 0.4%) after rising 0.7%. Key Takeaways
The figures represented
From Industry Week