US Core Capital Goods Orders Unexpectedly Fall in April
US core capital goods orders fell 1.1% in April following strong gains earlier this year. Business spending remains supported by AI investment and aircraft demand.
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The United States Commerce Department said core capital goods orders fell 1.1% in April, missing economist forecasts for a 0.4% increase. This decline follows an upwardly revised 3.9% surge in March and double-digit equipment spending growth in the first quarter. While headline figures fluctuated, sustained investment in artificial intelligence infrastructure continues to provide a floor for domestic manufacturing demand.
