Business Equipment Orders Rebound, Suggesting Investment Plans Holding Up Despite Economic Uncertainty

Business Equipment Orders Rebound, Suggesting Investment Plans Holding Up Despite Economic Uncertainty
A General Motors factory is seen in Detroit, Mich., on Nov. 17, 2021. Mandel Ngan/AFP via Getty Images
Bryan Jung
Updated:
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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.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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