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LATEST US DATA

Core capital goods orders fall 0.7% in May

Unexpected dip suggests business spending will be a drag on growth
Saturday, June 25, 2016 - 05:50

Washington

NEW orders for US manufactured capital goods unexpectedly fell in May as demand declined across the board, suggesting that business spending will remain a drag on economic growth in the second quarter.

The Commerce Department said on Friday that non-defence capital goods