Business Investment Slumps as Orders for Capital Good Falls
Orders for American-made durable goods has fallen as business investments slump—a sign of an economic slowdown.
The U.S. industrial sector has been falling into a slump after several years of rapid growth, with many economists viewing it as a prelude to a broader recession.
Durable goods orders jumped by 3.2 percent in March but only by 0.3 percent if cars and planes were excluded, according to the Department of Commerce on April 26.
In contrast, core capital goods orders, excluding aircraft and vehicles, rose 11 percent during the same month in 2022.
However, the results were better than the 0.5 percent increase predicted by most economists….