U.S. business-equipment orders gain masked by shipments slump

U.S. FACTORY orders for business equipment increased in July for a third month while shipments of such goods plunged the most since October 2016. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
U.S. FACTORY orders for business equipment increased in July for a third month while shipments of such goods plunged the most since October 2016. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
WASHINGTON – United States factory orders for business equipment increased in July for a third month, at the same time shipments of such goods plunged the most since October 2016 in a sign that capital investment remains tepid in light of slower global growth and a ratcheting up of trade tensions. Bookings for non-military capital…

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