U.S. core capital goods orders rise; transportation orders fall

A gauge of U.S. business investment spending plans rebounded in May, offering a tentative sign of stabilization in the manufacturing sector after activity weakened sharply early this year. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.4 percent last month. Manufacturing has been pressured by investment spending cuts in the energy sector in the aftermath of a more than 60 percent plunge in crude oil prices last year, as well as dollar strength.

U.S. core capital goods orders rise; transportation orders fall source: http://finance.yahoo.com/news/u-core-capital-goods-orders-123414264.html