Home / Market Update / US Capital Goods Orders Slowed Down in July

US Capital Goods Orders Slowed Down in July

New orders for US-made capital goods slowed in July, indicating that the recovery in investment activities could gradually become more gradual over the course of the COVID-19 pandemic even as the industry’s recovery appears to be gaining momentum.

The US Commerce Department said non-defense capital goods orders except aircraft, which are indicative of corporate spending plans on equipment, increased 1.9% last month. So-called core capital goods orders rose 4.3% in June.

Economists polled by Reuters had expected these orders to rise 1.9% in July.

Check Also

European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks

European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of the …