- Core capital goods orders increase 0.8% in September
- Shipments of core capital goods jump 1.4%
- Goods trade deficit widens 9.2%; inventories mixed
WASHINGTON, Oct 27 (Reuters) – New orders for U.S.-made capital goods increased more than expected in September and shipments surged, pointing to strong business spending on equipment, though stretched supply chains likely hampered overall economic growth in the third quarter.
Slower growth expectations were reinforced by other data from the Commerce Department on Wednesday showing the goods trade deficit widening sharply last month, with exports slumping. While wholesale inventories increased, stocks at retailers fell as supply at auto dealerships continued to decrease rapidly amid a global semiconductor shortage.
The reports were published ahead of…