Spending on business equipment fell in the month of September amid an overall decline in manufacturing activity, signaling a lack in business confidence across the economy. Core capital goods orders—non-defense capital goods orders excluding aircraft—fell by 0.7 percent in September, to $74.77 billion from $75.33 billion in the previous month, according to an Oct. 27…
Business Equipment Spending Plunges in an Ominous Sign for US Economy
October 27, 2022
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Business & Marketscapital goods orderseconomymanufacturing indexManufacturing IndustryMarketsNational Association of ManufacturersrecessionUS
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