10/27/2015

Business Spending Index Falls Amid Weak Durable Goods Orders

Image: Business Spending Index Falls Amid Weak Durable Goods Orders

A gauge of U.S. business investment plans fell for a second straight month in September, the latest indication that economic growth braked sharply in the third quarter.
The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, slipped 0.3 percent last month after a downwardly revised 1.6 percent decline in August.  Read more

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