Reported 1 day ago
US factory orders fell 0.4% in November due to weak demand for commercial aircraft, as well as slowing business investment in equipment. This decline followed a revised gain of 0.5% in October. Notably, orders for aircraft decreased significantly, and while some sectors like machinery saw growth, overall manufacturing seems to be struggling amidst the Federal Reserve's efforts to curb inflation. Economic forecasts suggest a potential recovery through interest rate cuts planned by the central bank.
Source: YAHOO