Tepid US core capital goods orders point to weak business equipment spending

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 50 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 124%
  • Publisher: 78%

Kitco News Noticias

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

WASHINGTON, April 24 - New orders for key U.S.-manufactured capital goods increased moderately in March and data for the prior month was revised lower, suggesting that business spending on equipment likely remained weak in the first quarter.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.2% last month, the Commerce Department's Census Bureau said. Data for February was revised lower to show these so-called core capital goods orders advancing 0.4% instead of 0.7% as previously reported.

Non-defense capital goods orders surged 5.4% after rising 2.7% in February. But shipments of these goods slumped 1.5% after increasing by a downwardly revised 2.4% in February. Economists polled by Reuters estimated that GDP increased at a 2.4% annualized rate in the first quarter. The economy grew at a 3.4% pace in the October-December quarter. Business spending on equipment likely contracted for a third straight quarter.

Transportation dominated the rise in orders last month, with bookings shooting up 7.7% after rising 1.8% in February. They were lifted by a 30.6% jump in civilian aircraft orders after increasing 15.6% in the prior month.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 13. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MLB Teams Cut Payroll in Tepid Free-Agent MarketSeveral MLB teams, including San Diego, New York Mets, and Los Angeles Angels, have significantly reduced their payroll in response to a slow free-agent market. The average salary on opening day increased by 1.5% compared to last year.
Fuente: BurnabyNOW_News - 🏆 14. / 77 Leer más »

MLB Teams Cut Payroll in Tepid Free-Agent MarketSeveral MLB teams, including San Diego, New York Mets, and Los Angeles Angels, have significantly reduced their payroll in response to a slow free-agent market. The average salary on opening day increased by 1.5% compared to last year.
Fuente: SooToday - 🏆 8. / 85 Leer más »