Oct
05

Strengthening Spending

Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory in Lafayette After hitting an all-time high rate of $69 billion/year in 4/08, core capital goods (CCG) spending collapsed, bottoming at $46 billion/year in 4/09. It then quickly recovered, hitting a new high of $70 billion/year in 9/14, but oil prices then sank and spending fell to just $60 billion/year by 5/16. Since, CCG has steadily risen and is now running at $65 billion/year. Manufacturing is strong! A new record by 12/18?

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