From the Wall Street Journal:
"Everybody’s been waiting for years for business spending to pick up. It didn’t happen in September.
New orders for durable-goods in September fell to 227.3 billion, down 0.1% from August, but better than Street estimates of a drop of 0.6%. Yet a key reading on business spending tumbled, and while some are still optimistic, it’s hard to imagine this key cylinder in the economic engine is going to start firing, at least not from looking at both the numbers and the comments coming from executives this earnings season.
'Durable goods orders remain on a disappointing trend,' said Gregory Daco, head of U.S. macroeconomics at Oxford Economics. 'Weak foreign demand, a strong dollar, and depressed oil and gas activity will continue to drag on business investment.'"