Economy
September 28, 2019
Core Capital Goods Orders Indicate Weak Investment
Written by Sandy Williams
Orders for durable goods rose 0.2 percent to $250.7 billion in August, but most of the increase was military related. Orders for defense-related goods jumped 15 percent. Orders minus defense decreased 0.6 percent, reported the U.S. Census Bureau.
Core capital goods, non-defense orders minus aircraft and an indicator of future investment, fell 0.2 percent. Economists blamed the 15-month trade war with China for dampening investment due to trade uncertainty.
