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U.S. core capital goods orders unexpectedly fall in December

From reuters.com

New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth. The Commerce Department said on Thursday orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.7 percent. Data for November was revised down to show these so-called core capital goods orders falling 1.0 percent instead of declining 0.6 percent as previously reported. Economists polled by Reuters had forecast core capital goods ... (full story)

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