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Posted On: 05/27/2019 9:36:49 PM
Post# of 27268
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US core capital goods orders tumble; shipments are flat
PUBLISHED FRI, MAY 24 2019 8:30 AM
KEY POINTS
New orders for U.S.-made capital goods fell more than expected in April, further evidence that manufacturing and the broader economy were slowing after a growth spurt in the first quarter.
The slowdown was driven by exports and a buildup of inventories.
Orders for non-defense capital goods excluding aircraft dropped 0.9% last month as demand weakened almost across the board, the Commerce Department said.
Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 2.1% in April.
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INTL
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MARKETS
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ECONOMY
US core capital goods orders tumble; shipments are flat
PUBLISHED FRI, MAY 24 2019 8:30 AM
KEY POINTS
New orders for U.S.-made capital goods fell more than expected in April, further evidence that manufacturing and the broader economy were slowing after a growth spurt in the first quarter.
The slowdown was driven by exports and a buildup of inventories.
Orders for non-defense capital goods excluding aircraft dropped 0.9% last month as demand weakened almost across the board, the Commerce Department said.
Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 2.1% in April.
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