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Orders for core capital goods, which include industrial machinery and electrical equipment, fell 1.1 percent.
Core capital goods, which include machinery and equipment orders, fell 3.2 percent.
Economists pay closer attention to core capital goods, which include machinery and computers but exclude aircraft.
And prices of crude goods, which include raw goods like scrap metal and animals for slaughter, dropped 3percentt.
Durable goods, which include things like dishwashers, are monitored by economists as a gauge of business investment.
Production of durable goods, which include automobiles, furniture and electronics, rose 0.4percentt for a second consecutive month.
Similar(38)
Production of consumer durable goods, which includes cars, electronics and furniture, rose 0.4percentt after no change the previous month.
They can't really be competitive in tradable goods – which includes not only exports, but also industries that compete with imports.
The value of orders for nondurable goods, which includes clothing and food as well as petroleum, oil and paper, fell 0.1percentt.
When the manufacturer sells its wares, it must charge VAT on the price of the goods, which includes the taxes hidden in the services required to make them.
After the revolution that overthrew President Hosni Mubarak in February, however, law enforcement in the area collapsed almost completely, resulting in a boom in the volume of smuggled goods, which included a steady flow of cars, as well as weapons.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com