Home Business News Core US capital commodity orders fell in February According to Reuters

Core US capital commodity orders fell in February According to Reuters

© Reuters. An operator stacks heavy gauge steel bracing used for industrial workbench feet at Tennsco’s factory in Dickson

WASHINGTON (Reuters) – New orders for US-made key capital goods fell unexpectedly in February, showing a cooling down in business spending on equipment after recent strong growth.

The Commerce Department said Wednesday the Commerce Department said orders for non-defense capital goods, except for planes, a closely watched representative for business spending plans, had down 0.8% in the previous month. These so-called core capital goods orders rose 0.6% in January.

Economists polled by Reuters had forecast core capital goods orders to rise 0.5 percent in February.

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