Shut­down fall­out? Busi­ness out­lays down 2% in Oc­to­ber

The Washington Times Daily - - Business -

Busi­nesses spent less last month on ma­chin­ery, com­put­ers and most other items, low­er­ing or­ders for U.S. long-last­ing fac­tory goods. The de­cline sug­gests com­pa­nies may have been re­luc­tant to in­vest dur­ing the 16-day par­tial gov­ern­ment shut­down

The Com­merce Depart­ment said Wed­nes­day that or­ders for durable goods dropped 2 per­cent in Oc­to­ber from Septem­ber. Durable goods are meant to last at least three years.

De­mand for com­mer­cial air­craft plunged nearly 16 per­cent last month, ac­count­ing for much of the de­cline.

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