US factory orders fall 1.3% in Sept
Data suggests businesses may have held back due to debt default debate
[WASHINGTON] Orders for a wide range of US-made capital goods sank more than previously estimated in September, a sign companies cut their investment plans sharply as Washington hurtled to the brink of default.
New orders of non-military capital goods other than aircraft, an indicator of business spending plans, fell 1.3 per cent during the month, the Commerce Department said yesterday.
The data suggests businesses may have shut their wallets as a political impasse threatened to lead the government to miss payments on its obligations, and could give th…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Cordlife calls for trading halt after shares sink to all-time low, pending announcement