US Factory Orders October Decline: Testing the Soft Landing
Explore the latest data as US factory orders October decline, signaling a potential cooling in the manufacturing sector according to Reuters.
The industrial engine is losing steam just as hopes for a soft landing were peaking. Reuters reports that US factory orders took a dip in October, signaling a cooling trend in the nation's manufacturing sector.
Analyzing the US Factory Orders October Decline
The latest figures suggest that high borrowing costs are finally weighing on heavy industry. Businesses aren't pulling the trigger on new equipment as they wait for clearer signals from the market. This hesitation in October reflects a broader trend of cautious capital expenditure across the US.
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