Factory orders jumped 1.8% last month — well above the 1.2% estimate. Strip out planes and trains, still up 1.3% versus the 0.5% expected.
Not flashy, but solid. Manufacturing isn't dead, just recalibrating. The kind of modest strength that keeps the lights on without triggering alarm bells.
Steady beats spectacular when you're trying to avoid a hard landing.
Not flashy, but solid. Manufacturing isn't dead, just recalibrating. The kind of modest strength that keeps the lights on without triggering alarm bells.
Steady beats spectacular when you're trying to avoid a hard landing.