WASHINGTON—New orders for U.S.–made capital goods rose moderately in November while shipments fell, pointing to a slowdown in business spending on equipment this quarter as higher borrowing costs cool demand for goods.
Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.2 percent last month, the Commerce Department said on Friday. These so-called core capital goods orders increased 0.3 percent in October.
