Slowdown in U.S. business-equipment orders may weigh on growth

ORDERS FOR BUSINESS EQUIPMENT under-performed in May, which may strain second quarter U.S. economy growth. / BLOOMBERG FILE PHOTO/TY WRIGHT
ORDERS FOR BUSINESS EQUIPMENT under-performed in May, which may strain second quarter U.S. economy growth. / BLOOMBERG FILE PHOTO/TY WRIGHT
NEW YORK - An unexpected decline in U.S. orders for business equipment in May indicates cooling capital-goods investment may weigh on second-quarter economic growth, Commerce Department data showed Monday. Highlights of Durable Goods (May) Orders for non-military capital goods excluding aircraft fell 0.2 percent (which were previously estimated to experience a 0.4 percent gain) after a…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -