U.S. business equipment orders rebounded in October, suggesting that investment plans are holding up despite economic uncertainty. Capital spending plans by American manufacturers have stood firm despite higher interest rates and a cool down in demand, as resilient domestic consumer spending continues to sustain production. The manufacturing sector, which currently accounts for 11.3 percent of the…
Business Equipment Orders Rebound, Suggesting Investment Plans Holding Up Despite Economic Uncertainty
November 23, 2022
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