U.S. capital goods orders bounce back, but weakly

09/25/2013 | Bloomberg

U.S. nonmilitary capital goods orders in August rebounded from a 3.3% decline in July, but the 1.5% gain fell short of expectations. Orders are "rising, but they're rising modestly. Until businesses are more confident about the growth in underlying demand, they'll be cautious as far as adding capacity," said Kevin Logan, chief U.S. economist for HSBC Securities USA.

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