US core capital goods orders tumble in April
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WASHINGTON, May 27 (Reuters) - New orders for key U.S.-manufactured capital goods fell in April, suggesting business spending on equipment weakened at the start of the second quarter.
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, tumbled 1.3% last month after an upwardly revised 0.3% gain in March, cheap private proxies (https://dreamproxies.com/buy-proxies/1000-private-proxies) the Commerce Department's Census Bureau said on Tuesday.
Economists polled by Reuters had forecast these so-called core capital goods orders dipping 0.1% after a previously reported 0.2% drop in March. (Reporting by Lucia Mutikani Editing by Ros Russell)
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