ORDERS FALL WITHOUT WINGS: Companies cut back on orders for long-lasting U.S. factory goods last month, outside aircraft and other transportation equipment. Orders rose 1.6 percent in June, but excluding aircraft and transportation equipment, they fell 1.1 percent. That is the third drop in four months.
SOFT CORE: Orders for so-called core capital goods, a measure of business investment plans, fell 1.4 percent, also the third decline in four months. The category includes orders for computers and machinery.
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CONFIDENCE CUT: The declines suggest many companies are cutting back on their spending as they lose confidence in the economic recovery.
