The pickup in core capital goods shipments and orders, along with an upwardly revised gain in June sales, suggests the equipment numbers that feed into GDP calculations were improving at the start of the second half of the year.
Automation may drive productivity gains and export competitiveness, but the rising use of robots also threatens to exacerbate domestic income inequality, undermining consumption.
Automobile production fell 3.6% in July, the fourth decline in the last five months.
A two-job value proposition addresses the demands of the most important constituencies of a business: customers and owners.
These stories show the challenge of producing at home -- as President Donald Trump is pushing for -- and also that it’s not impossible.
Production at shale fields is forecast to expand to 6.15 million barrels a day in September, according to the Energy Information Administration.
Bringing back manufacturing jobs to the United States would benefit not only American workers, but consumers as well.
It’s unclear whether Trump was referring to Gou’s plans for the display plant, for the country in general, or if it encompassed investments in other types of manufacturing.
Optimism about the economy is enduring among American businesses even as prospects dissipate for swift changes on tax and infrastructure policy from Washington lawmakers.
June marked a third straight month of slowing nominal spending.