U.S. business-equipment orders tame amid investment downshift

U.S. BUSINESS INVESTMENT increased 0.1% in November. / BLOOMBERG FILE PHOTO/SERGIO FLORES
U.S. BUSINESS INVESTMENT increased 0.1% in November. / BLOOMBERG FILE PHOTO/SERGIO FLORES
WASHINGTON – Orders for United States capital equipment barely increased in November, consistent with a downshift in corporate investment throughout the year that’s weighed on economic growth. Bookings for non-military capital goods excluding aircraft - a proxy for business investment - rose 0.1%, matching projections, after a 1.1% jump in October that followed consecutive monthly…

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