WASHINGTON, (Reuters) - A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook.
New orders for non-military capital goods outside of aviation fell 0.8 percent in August, the Commerce Department said on Friday.
The government had previously reported that this gauge, which is a leading indicator of business investment, had fallen 0.2 percent during the month.
Shipments of this category of goods also fell, declining a sharper-than-initially reported 0.4 percent and giving a bearish signal for third-quarter economic growth.
New orders for overall U.S. factory goods fell 1.7 percent in August, Friday's report showed. Analysts had expected new orders for factory goods to fall 1.2 percent.
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