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.
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