Orders for U.S. Business Equipment Rise for Sixth Straight Month
“Orders placed with U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping fuel economic growth. The value of core capital goods orders, which exclude aircraft and military hardware and is seen as a barometer of business equipment investment, increased 0.5% after an upwardly revised 0.3% a month earlier, Commerce Department figures showed Monday.”
U.K.’s Fuel Retailers Aren’t Saying Much About Resupply Yet
“With a crisis in U.K. retail fuel supply now in its fourth day, companies that sell gasoline and diesel are struggling to provide clear timelines on when the situation will normalize. Several said the situation is fast-moving, making it hard to provide an overview. Demand, as evident in panic buying at filling stations, surged on Friday. Click here for a rolling update of the U.K. fuel crisis.”
China’s Recovery Is Coming Under Pressure From Weak Demand
“China’s economic momentum remained stable in September but domestic spending is weakening amid stringent virus control measures and tightening curbs on the property market. That’s the outlook from Bloomberg’s aggregate index of eight early indicators, which stayed unchanged in September for a fifth month.”
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