Capital Goods Orders in U.S. Unexpectedly Fall for Seventh Month

April 24, 2015 12:31 PM

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Orders for business equipment unexpectedly fell in March for a seventh consecutive month, a sign business investment will remain sluggish.

Bookings for non-military capital goods excluding aircraft, a proxy for future corporate spending on new equipment, dropped 0.5 percent, data from the Commerce Department showed Friday in Washington. Demand for all durable goods -- items meant to last at least three years -- rose 4 percent on aircra...

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