The boom in business investment is slowing, suggesting that manufacturing won’t lead the...

|By:, SA News Editor

The boom in business investment is slowing, suggesting that manufacturing won’t lead the economy forward from here. Durable goods orders rose overall last month but fell ex-aircraft and defense, and the three-month average declined in Q3 for the first time since mid-2009. Business investment, only 1/12 of the economy, accounted for 7/8 of GDP growth in Q2.