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Demand for Business Equipment in U.S. Falls for Second Month
Orders for computers, machinery and other capital equipment dropped in April for a second month, pointing to a slowdown in U.S. business investment. Bookings for non-military goods excluding aircraft decreased 1.9 percent after falling 2.2 percent in March, the first back- to-back decline in a year, data from the Commerce Department showed today in Washington. Demand for all durable goods, those meant to last at least three years, rose 0.2 percent, matching the median forecast of economists surveyed by Bloomberg News. Slowdowns in Europe and parts of Asia combined with a cooling in business spending in the U.S. ... (full story)
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