U.S. business-equipment orders drop second month, miss forecast

U.S. BOOKINGS for all durable goods declined 1.1% year over year in September. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
U.S. BOOKINGS for all durable goods declined 1.1% in September. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
WASHINGTON – Orders placed with United States factories for business equipment declined for a second straight month and shipments matched the biggest drop since 2016, the latest sign the dimmer global growth outlook and trade tensions with China are weighing on companies. The proxy for business investment - bookings for non-military capital goods orders excluding…

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