U.S. manufacturing, business spending on equipment slows

By Reuters

Mar 06, 2018

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New orders for U.S.-made goods recorded their biggest decline in six months in January and business spending on equipment appeared to be slowing after strong growth in 2017.

Factory goods orders fell 1.4% amid a broad decrease in demand, the Commerce Department said on Tuesday. That was the largest drop since July 2017 and followed five straight monthly increases. Factory orders rose 1.8% in December.

Read the full story at reuters.com.

 

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