Inside the University of Michigan’s survey on consumer sentiment for November, buying conditions for durable goods increased by more than 20%. Firms appear to be acting rationally to avoid rising import taxes in the new year. These purchases will bolster gross domestic product in the fourth quarter, ... READ MORE >
durable goods orders
Demand for business spending on equipment falls in July
Business spending on durable equipment did not start the third quarter on a strong note. Core capital goods orders, which exclude aircraft and defense spending and are a better proxy for short-term business investment in new equipment, decline by 0.1% in July. Shipments of core capital goods fell even ... READ MORE >
Slower growth raises prospect of a Fed rate cut
Economic growth appeared much softer in the first five months of the year following the release of key economic data on Thursday. Slower-than-anticipated growth should push the Federal Reserve closer to cutting interest rates. Read more of RSM's insights on the economy, manufacturing and the middle ... READ MORE >
Durable goods and jobless claims offer a mixed picture of the economy
The impact of elevated interest rates continued to show up in the business equipment spending data, which came in lower than expected in the Commerce Department's data released on Wednesday. Overall orders for durable goods fell by 5.4% in October, led by a 49.6% decline in nondefense aircraft because ... READ MORE >
Business orders for equipment rise despite higher borrowing costs
Business investment on productivity-enhancing equipment continues to be one of the brightest spots across the U.S. economy. Encouraged by spending on infrastructure and manufacturing, along with the promise of artificial intelligence, businesses were not afraid to spend more on capital goods, ... READ MORE >
Business equipment spending rises for the second straight month
Durable goods orders came in stronger than expected in May, driven by a sharp increase in aircraft orders from Boeing, the Commerce Department reported on Tuesday. Core orders on capital goods—a proxy for private investment excluding aircraft and defense—rose by 0.7% on the month, also above market ... READ MORE >
Core business investment orders inched up in February
Durable goods orders in February fell for the second month in a row, driven mostly by declines in orders for automobiles, aircraft and defense. Total orders dropped by 1% while autos, aircraft and defense orders were down by 0.9%, 6.6% and 7.4%, respectively, according to Commerce Department ... READ MORE >
Business spending on equipment rose in January
Investments in business equipment posted a sharp rebound in January after two consecutive months of disappointing declines. While the Commerce Department’s data released on Monday showed some resilience from private businesses, there were reasons to be cautious because January’s data can be ... READ MORE >
Core capital goods investments grow while pending home sales fall
Strong durable goods orders and shipments in July showed that businesses continue to make long-term investments despite rising prices and concerns of a recession. Although the top-line number for new orders reported by the Commerce Department on Wednesday remained flat on the month compared to June, ... READ MORE >
Unexpectedly strong durable goods orders and trade data temper recession concerns
U.S. durable goods orders and the goods trade deficit in June beat expectations, according to data released Wednesday, tempering recession concerns before the Federal Reserve is expected to announce a rate hike later in the day. On top of that, shipments of nondefense capital goods excluding aircraft—a ... READ MORE >