Econ Intro: New US Machinery Orders up more than 17% & Truck Production Increased

Elevated interest rates may affect many of the indicators further into 2023.

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While the leading indicators in both the U.S. and Europe declined, construction machinery new orders in the U.S. increased 11.9% above their level one year ago. In addition, in the three months through October, U.S. industrial production was 3.8% above the same period one year ago. With backorders prominent among manufacturers, this number is predicted to continue its increase.        

READ MORE: Third Quarter 2021 Continues to Show Strong Market Demand

View the corresponding Equipment Market Outlook charts for more data

NOTE: All data for charts supplied by ITR Economics