Business investment shows signs of slowing

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Investment by businesses looks to be slowing down, a trend that may signal weakening confidence among business leaders about economic growth. The U.S. Department of Commerce reported Friday that new orders for core capital goods – these are capital goods that exclude defense and aircraft – declined 1.1% in September, the second drop in three months. Looking longer-term, annual growth in orders for these core goods may be leveling off. Annual growth steadily picked up earlier this year, but has remained between 8% and 8.4% in recent months.

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Source : CNBC

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