Plummeting U.S. Core Capital Goods Orders Point to Weak Business Spending | Honolulu Star-Advertiser

Plummeting U.S. core capital goods orders point to weak business spending | Honolulu Star-Advertiser

WASHINGTON >> New orders for key U.S.-manufactured capital goods plunged in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.

US Core Capital Goods Orders Decrease by Most Since October

Orders placed with US factories for business equipment declined in April by the most since October, suggesting a diminishing appetite to invest amid uncertainty about tariffs and tax policy.

Trade wars are still disrupting the economy — business investment saw the biggest drop in 6 months

Orders For US-Manufactured Goods Drop In Light of Tariff Uncertainty

New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.The…

Orders fell less than feared.