Orders placed with U.S. factories for business equipment unexpectedly stalled in July after four straight monthly gains, marking a pause in an ongoing buildup of capital investment.
Bookings for durable goods—items meant to last at least three years—decreased 0.1 percent from the prior month, reflecting a pullback in orders for commercial aircraft.
The value of core capital goods orders—which excludes aircraft and military hardware, and which is seen as a barometer of business equipment investment—was little changed after an upwardly revised 1 percent increase a month earlier, Commerce Department figures showed Wednesday.
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