New orders for key U.S.-manufactured capital goods dropped by 1.3 percent in April, marking the largest drop in six months, according to data issued by the U.S. Department of Commerce on Tuesday.
Capital goods orders, which exclude defense and aircraft goods, are seen as a barometer of business investment.
Data shows that the number was a 1.3 percent down in April, marking the largest drop since October last year, suggesting business spending on equipment weakened at the start of the second quarter.
According to a report from American media on Tuesday, a survey shows that 55 percent of Americans surveyed believe that Trump's tariff policies were unclear, and the impacts of tariffs have exacerbated economic uncertainty.
On the same day, a survey released by the Detroit Regional Chamber in Michigan showed that 54 percent of respondents believe that U.S. tariff policies will have a negative impact on the state's economy. And 62 percent of respondents believe that the U.S. economy is either weakening or heading towards a recession.
US core capital goods orders decline in April
US core capital goods orders decline in April
