Photo: A forklift operates in the stamping plant at the Nissan Motor Co. Manufacturing plant in Smyrna, Tennessee, on October 31, 2017. Photographer: Luke Sharrett/Bloomberg. A forklift operates in the stamping plant at the Nissan Motor Co. Manufacturing plant in Smyrna, Tennessee, on October 31, 2017. Photographer: Luke Sharrett/Bloomberg.

Orders placed with U.S. factories for business equipment declined in July, and the prior month's gain was revised lower, suggesting firms are more guarded about investment than previously thought.

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