In recent months, the demand for durable goods has been steadily increasing, with a surprise jump in aircraft orders driving this growth. According to new data, there was a 0.7% increase in durable goods orders in March, largely attributed to the rise in transportation equipment sales. This marked the third consecutive month of growth in this category, with transportation equipment orders rising by $1.1 billion.
Despite concerns about borrowing costs and loan standards, there is optimism that U.S. business investment will increase in the coming months. However, experts caution that the manufacturing sector may continue to face challenges until certain conditions are met. These conditions include a decrease in interest rates, a weaker dollar, and a strengthening global economy. Despite these obstacles, there is hope that U.S. business investment will improve in the near future.
