Orders for business gear stall in August after two-month gain

Washington

THE momentum in orders for business equipment stalled in August following gains the prior two months as US investment took a breather amid volatility in financial markets and concerns that global growth is slowing.

Bookings for non-military capital goods excluding aircraft fell 0.2 per cent last month after rising 2.1 per cent in July, data from the Commerce Department showed on Thursday in Washington.