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Business Investment Slumps as Orders for Capital Good Falls
The manufacturing floor at the opening of a Mercedes-Benz electric vehicle Battery Factory, marking one of only seven locations producing batteries for their fully electric Mercedes-EQ models, in Woodstock, Ala., March 15, 2022. Elijah Nouvelage/File Photo/Reuters
Orders for American-made durable goods has fallen as business investments slump—a sign of an economic slowdown.
The U.S. industrial sector has been falling into a slump after several years of rapid growth, with many economists viewing it as a prelude to a broader recession.
