Business Equipment Demand Falls

Business Equipment Demand Falls

Research  these Stocks on Kapitall’s Playground Now

 
research now

There were fewer orders placed for computers, machinery, and other capital equipment in April. This is the second month in a row, which could imply U.S. manufacturing is slowing down.

March showed a 2.2% drop in orders for non-military goods excluding aircraft, with another 1.9% drop in April, according to Bloomberg. Automobile purchases in the U.S have exploded recently, a rebound that is helping to push the overall economy.

Durable goods demand rose 0.2%, while economists at Morgan Stanley reduced their economic growth estimates from 2.7% to 2.4% for the quarter.

Business Section: Investing Ideas

Aside from the increase in auto sales, it seems that the economy is slowing down from its encouraging recovery over the past year.

The demand for business equipment and durable goods can be used as an indicator of future business investment. If decreased, then it could imply that future business growth will do likewise.

Use Kapitall tools to analyze companies that might be affected by this trend.

Interactive Chart: Press Play to compare changes in market cap for CAT, DE, CSCO, GE, DELL, MSFT, HPQ, PBI and IBM:

Interactive Chart: Press Play to compare changes in quarterly sales:

Interactive Chart: Press Play to compare changes in average analyst recommendation:

(Written by Danny Guttridge)

playfor100kwirebanner2png

Leave a Reply

Protected by WP Anti Spam

wirebannerscompetepng