A gauge of U.S. business investment plans fell sharply in September in a possible sign companies shut their wallets out of concern a budget battle brewing in Washington would damage the economy.
New orders of non-military capital goods other than aircraft, an indicator of business spending plans, fell 1.1 percent last month, the Commerce Department said on Friday.
A surge in volatile aircraft orders helped push overall orders of long-lasting factory goods to rise a more-than-expected 3.7 percent during the month.
via Reuters
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