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US | Durable Goods – August 2020

Durable goods orders rose 0.4% in August, yet the 4th successive monthly gain was much slower than the 11.7% July advance. Core orders and shipments are now higher than pre-Covid but investment remains restrained by transportation (aircraft, not autos), metals & electrical equipment.

What you will learn:

  • Core orders indicate that businesses are cautiously ramping up investment.
  • Looking ahead, sluggish domestic and external demand, supply chain disruptions, lingering uncertainty, subdued profitability, and low oil prices will constrain capital expenditure growth to only a modest pace.

Topics: United States, Manufacturing, Fiscal stimulus, Coronavirus, US economy, Heavy Industry, North America

Durable Goods - August 2020 - iPad