The US economy saw a significant decline in business investment last month, with core orders falling by 1.3% – the biggest drop in six months. This decline was largely driven by companies’ efforts to navigate on-again, off-again tariffs that have been disrupting trade.
The durable-goods report from the government showed a stark reality for US businesses: they are hesitant to spend due to uncertainty surrounding tariffs. This decrease in investment spells trouble for the broader economy and raises concerns about future growth prospects.
The drop in core orders has significant implications for the US economy, which is heavily reliant on business investment to drive growth.
Source: https://www.marketwatch.com/story/business-investment-posts-biggest-drop-in-6-months-trade-wars-still-disrupting-economy-046a92d1