Wednesday, October 5, 2022

U.S. core capital goods orders surge; consumer...

"There were increases in the share of consumers planning to buy motor vehicles and appliances...over the next six months. But consumers were less inclined to buy a house as soaring mortgage rates and still-high home prices eroded affordability." #manufacturing ##industrial #commerce

U.S. core capital goods orders surge; consumer...

New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy on a moderate growth path.
Korn Ferry Connect

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