U.S.: Outlook for capital spending remains weak – Wells Fargo
24.10.2019, 15:10

U.S.: Outlook for capital spending remains weak – Wells Fargo

Analysts at Wells Fargo note that data released today showed that U.S. durable goods orders dropped 1.1%. According to their view, the strike at General Motors and the ongoing struggles at Boeing only partially held back durable goods orders in September. They see core orders remain in a trend decline and survey evidence suggests capital spending will remain weak during the fourth quarter. 

  • “Durable goods orders fell a larger-than-expected 1.1% in September. While some weakness can be tied to the United Auto Workers strike at General Motors (GM) and the ongoing struggles at Boeing, stripping out transportation, orders still declined 0.3%. More ominously, core orders—or nondefense excluding aircraft—fell 0.5% and remain in a trend decline.
  • We wouldn’t be too surprised to see another drag from autos in both orders and production next month, as the GM strike only began half-way through September and is set to extend through the end of October.
  • An unwind in inventories and a jump in shipments are likely once the jet receives the all-clear, and we expect this to show up in the national GDP accounts in the first half of 2020.
  • Third-quarter GDP is due next week, and with September marking the third full month the 737 MAX has been grounded, it will be the first quarter Boeing’s struggles will be fully realized.
  • The outlook for capital spending remains weak. Core orders continue to weaken, and remain higher than ISM readings would suggest, while capital spending plans among manufacturers continue to slide. Investment will likely remain under pressure in the months ahead.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik