Capital Spending +1.9% y/y

  • expected 1.7%, prior 6.1%

Capital Spending excluding software -1.7% y/y

  • expected 2.4%, prior was 6.9%

Company profits -12.0% … ugly result

  • prior 10.3%

Company sales +0.4%

  • prior 3.0%

The better capex result should be a positive input for Q2 GDP (data due Sep 9).

Otherwise, that profits data sure is not good.