Orders placed with U.S. factories for business equipment increased slightly in July after a downward revision to the prior month's numbers, suggesting companies are somewhat cautious about capital investment amid high borrowing costs and economic concerns.
The value of core capital goods orders, a proxy for investment in equipment that excludes aircraft and military hardware, increased 0.1 percent last month after a revised 0.4 percent decline in June, Commerce Department figures showed Thursday. The numbers aren't adjusted for inflation.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
