The continued improvement in the key measure of U.S. business investment suggests manufacturers are optimistic about a return to normalcy next year.
“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.
A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”
“There is nothing to point to in [the November factory activity] report that signals a bottom in domestic manufacturing."
“We have now tariffed our way into a manufacturing recession in the U.S. and globally,” a chief investment officer said.
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
The industrial company said the acquisition would be would be accretive to EBITDA margins, cash flow, and earnings per share.
