Afternoon Coffee: Business Spending Increases in April, But Services Sector Slows Kaitlyn McAvoy - May 26, 2015 12:58 PM | Categories: Afternoon Coffee | Tags: General News The Commerce Department reported business spending in April rose for the second consecutive month. Orders for non-defense capital goods increased 1%. The US services sector has slowed this month, however, according to the Markit “flash” Purchasing Managers Index, which sank to 54.6 from a 57.4 in April. Iraq plans to boost crude oil exports 26% in June, sending 3.75 million barrels a day out of the country. Charter Communications announced it will buy Time Warner Cable for $56.7 billion. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.