{"id":120997,"date":"2025-11-18T19:59:22","date_gmt":"2025-11-18T15:59:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120997"},"modified":"2025-11-18T19:59:26","modified_gmt":"2025-11-18T15:59:26","slug":"u-s-factory-orders-rebound-in-august-but-core-capex-softer-than-first-estimated","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/u-s-factory-orders-rebound-in-august-but-core-capex-softer-than-first-estimated\/11\/18\/market-updates\/","title":{"rendered":"U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated"},"content":{"rendered":"\n<p> U.S. new orders for manufactured goods rose in August, snapping the prior month\u2019s decline, though a key gauge of business investment was revised lower, underscoring a fragile backdrop for industry.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Factory orders:<\/strong> <strong>+1.4% m\/m<\/strong> in August (consensus +1.4%) after <strong>-1.3%<\/strong> in July; <strong>+3.3% y\/y<\/strong>.<\/li>\n\n\n\n<li><em>Core capital goods orders:<\/em>* <strong>+0.4% m\/m<\/strong>, revised down from <strong>+0.6%<\/strong>.<\/li>\n\n\n\n<li><strong>Core capital goods shipments:<\/strong> <strong>-0.4% m\/m<\/strong>, weaker than the prior <strong>-0.3%<\/strong> estimate.<\/li>\n<\/ul>\n\n\n\n<p>*Non-defense capital goods excluding aircraft \u2014 a proxy for equipment spending in GDP.<\/p>\n\n\n\n<p>The release, delayed by the now-ended <strong>43-day<\/strong> federal shutdown, shows manufacturing (about <strong>10.2%<\/strong> of GDP) remains under pressure from import tariffs and subdued global demand. The <strong>ISM manufacturing PMI<\/strong> has been in contraction for <strong>eight straight months<\/strong>, signaling ongoing softness in factory activity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Takeaways<\/h3>\n\n\n\n<p>With manufacturing still in contraction, the sector is unlikely to provide a major tailwind to near-term growth despite the August bounce.<\/p>\n\n\n\n<p>The headline rebound suggests orders are stabilizing after July\u2019s drop.<\/p>\n\n\n\n<p>The downward revision to core capex and weaker shipments point to <strong>softer equipment spending<\/strong> momentum entering Q4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. new orders for manufactured goods rose in August, snapping the prior month\u2019s decline, though a key gauge of business investment was revised lower, underscoring a fragile backdrop for industry. Factory orders: +1.4% m\/m in August (consensus +1.4%) after -1.3% in July; +3.3% y\/y. Core capital goods orders:* +0.4% m\/m, revised down from +0.6%. Core &hellip;<\/p>\n","protected":false},"author":9,"featured_media":45347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[8211,6898,8450,6858],"class_list":["post-120997","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-census-bureau-data","tag-factory-orders","tag-transportation","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120997"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120997\/revisions"}],"predecessor-version":[{"id":120998,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120997\/revisions\/120998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/45347"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}