AP's Economist Sources Are Wrong: Business Investment Will Contribute to Growth in the Second Quarter

An AP story that ran in the NYT told readers:

"business investment is not likely to help economic growth in the April-June quarter, economists said. That is because the government measures shipments, rather than orders, when calculating business investments’ contribution to growth. Shipments fell in June. But the increase in orders this spring suggests shipments will rise in the July-September quarter and add to growth."

The first part of this is wrong and the second part is questionable. The...