Latest news with #capitalgoods
Bloomberg
27-05-2025
- Business
- Bloomberg
US Core Capital Goods Orders Fall by Most Since October
00:00 Good morning. Durable goods orders. This morning, we're keeping track of what businesses are spending to see how they've been affected by the tariffs and they have been affected, although the headline number down 6.3% is really a Boeing story, as it almost always is. Boeing orders down 51% during the month of April. The computers and electronic products, computers and related products, communications equipment, all this stuff that we get from Asia down on the month. So capital goods orders, non-defense X air down 1.3% after rising by 3/10 of a percent the month before. So it looks like we are seeing something of a pullback in business spending as they get ready for tariffs.
Reuters
27-05-2025
- Business
- Reuters
US core capital goods orders tumble in April
WASHINGTON, May 27 (Reuters) - New orders for key U.S.-manufactured capital goods fell in April, suggesting business spending on equipment weakened at the start of the second quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, tumbled 1.3% last month after an upwardly revised 0.3% gain in March, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reuters had forecast these so-called core capital goods orders dipping 0.1% after a previously reported 0.2% drop in March.
Zawya
27-05-2025
- Business
- Zawya
US core capital goods orders tumble in April
New orders for key U.S.-manufactured capital goods fell in April, suggesting business spending on equipment weakened at the start of the second quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, tumbled 1.3% last month after an upwardly revised 0.3% gain in March, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reuters had forecast these so-called core capital goods orders dipping 0.1% after a previously reported 0.2% drop in March. (Reporting by Lucia Mutikani Editing by Ros Russell)
Zawya
26-05-2025
- Business
- Zawya
Egypt: Acrow Misr's consolidated profits drop 50.4% YoY in Q1 2025
Arab Finance: Acrow Misr for Scaffolding and Formwork (ACRO) reported a 50.4% year-on-year (YoY) decrease in consolidated net profits after tax and minority interest in the first quarter (Q1) of 2025 to EGP 196.682 million from EGP 396.573 million, the company's financial indicators showed. The company's revenues climbed to EGP 1.271 billion in the three months to March 31st from EGP 893.665 million in the same period a year earlier. As for standalone results, net profits after tax dropped to EGP 158.389 million in Q1 2025, compared to EGP 327.359 million in Q1 2024. Established in 1977 and listed on EGX in 1982, Acrow Misr operates within the capital goods sector, focusing on construction and engineering. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Reuters
13-05-2025
- Business
- Reuters
Honeywell's India unit posts smaller fourth-quarter profit as costs surge
May 13 (Reuters) - Honeywell Automation India ( opens new tab reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth. Profit at the Indian subsidiary of U.S. conglomerate Honeywell International (HON.O), opens new tab fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the quarter ended March 31. The company provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Capital goods companies in India are currently facing challenges due to weakened infrastructure demand, with government spending, which had increased ahead of the 2024 national elections, now slowing down. However, execution of existing projects helped boost Honeywell's revenue. Honeywell Automation's revenue from operations rose 17.2% to 11.15 billion rupees but did not offset the 22% rise in expenses. Total expenses stood at 9.71 billion rupees due to a 44.2% increase in cost of materials consumed, which constitutes more than half of the total expenses. The company does not provide a breakdown of its revenue distribution or discloses which specific raw materials it consumes. Honeywell International reported a 1% rise in its March-quarter net income, on April 29. The company's stock, one of the most expensive in India, closed 1.7% higher to 35,815 rupees, ahead of the results. ($1 = 85.3100 Indian rupees)
