U.S. Factory Orders Rebound in October
The latest sign that the U.S. manufacturing sector may be stabilizing after a tough couple of months.
The latest sign that the U.S. manufacturing sector may be stabilizing after a tough couple of months.
Business investment rebounded, easing fears that the manufacturing sector would continue to slowdown into year end.
Very little good news in the report for durable goods orders in September, although phone and machinery orders rose.
Demand for durable goods, those expected to last at least three years, rose 2 percent in June from the previous month
Everyone knew orders for long-lasting factory goods fell in February. The question was only how much they would fall.
No sign of the widely predicted Tariffmageddon.
Investment is weakening and durable goods orders have declined in three out of the last four months.,