capital goods

Under his 1985-1995 tenure at the head of the European Union’s bureaucracy in Brussels, member countries agreed to tear down barriers that prevented the free movement of capital, goods, services and people.

Data for September was revised lower to show these so-called core capital goods orders falling 0.2% instead of rising 0.5% as previously reported.

Core capital goods shipments were unchanged for a second straight month.

Shipments of non-defense capital goods dropped 0.3% following a 0.2% decline in the prior month.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dipped 0.1% last month, the Commerce Department's Census Bureau said.