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.

January 6, 2023
Econwith Sponsor
Somebody, Adobe Stock

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

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