Orders placed with U.S. factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more moderate pace of capital spending, a Commerce Department report showed Thursday.
Non-military capital goods orders excluding aircraft fell 0.1% (est. up 0.5%), after rising 0.9% (prev. 1.4%) in February; Figure is proxy for business investment.
Shipments of those goods, which are used to calculate gross domestic product, decreased 0.7% (est. up 0.3%); February revised down to a 1% gain (prev. up 1.4%).
Bookings for all durable goods, items meant to last at least three years, jumped 2.6% (est. 1.6% gain) following an upwardly revised 3.5% gain.
Source : Bloomberg