MAPI predicts rise in business equipment order activity following defense industry gains

Meckstroth

The manufacturing sector showed continuing momentum as new orders for U.S. durable goods rose for a third consecutive month in April. New orders increased by 0.8%, despite analysts' predictions of a 1.3% drop. Activity in the defense industry drove much of gain, however, while nondefense capital goods orders fell. "Year-to-date nondefense capital goods orders excluding aircraft are up 3.1% -- a modest pace of growth," says Daniel J. Meckstroth, chief economist for MAPI. "Business equipment order activity should pick up in the coming months."

View Full Article in:

IndustryWeek · Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
VP of Video Content Distribution
Calkins Media
Levittown, PA