Washington (Reuters)
New orders for US-manufactured capital items improved in July, but the tempo of the increase slowed in the previous month, indicating likely challenges for company paying on tools to recuperate immediately after a contraction in the 2nd quarter of the yr.
The U.S. Department of Commerce stated yesterday that orders for non-defense cash goods other than plane, a cautiously watched indicator of company investing designs, rose .4% previous thirty day period. So-known as main cash goods orders rose .9% in June.
On the other hand, existing household obtain contracts fell significantly less than envisioned in July because of to a slight fall in home finance loan curiosity costs.
The National Affiliation of Realtors reported its recent dwelling profits index, centered on signed contracts, fell 1.% to 89.8 last thirty day period.
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