The strong U.S. dollar signals economic growth, but it is also hurting American businesses overseas, especially manufacturers, who face falling sales, squeezed profits and prospects of major job cuts. Caterpillar Inc., for example, the world’s largest construction and mining equipment maker, faced stiff competition due to the strong U.S. dollar […]
Author: Rajashree Chakravarty
Better Weather and End of West Coast Port Dispute Impact Durable Goods Orders for March
Orders for durable goods are likely to rise for March, following a decline last month. Durable goods, products that are designed to last more than three years, will see a rebound in orders as activities recovers from severe weather conditions and slowdown at west coast ports. Forecasts of durable goods […]
An increasing Trade Deficit and Strengthening Dollar Affecting U.S.-India Trade Relations
U.S. efforts to increase trade relation with India through exports are in troubled waters because of the soaring value of dollar. As cheap Indian goods flood U.S. markets, trade deficit increases. Robust dollar and an expanding economy is strengthening the value of U.S. dollar and giving more power to U.S. […]
Drop in Demand for Durable Goods Orders Signals Strong Dollar and Less Aggressive Investment Affecting U.S. Economy
By Rajashree Chakravarty Durable goods orders for February fell unexpectedly, much to the disappointment of manufacturers and traders. Orders for durable goods, which last more than three years, dropped 1.4 percent compared to a revised 2 percent gain in January, according to data released by the Department of Commerce on […]
A Rise In The Durable Goods Order For January Shows A Bright Future And A Steady Economy
New orders for manufactured durable goods orders increased for the first time in the last three months, a sign indicating companies are likely to see increased production and jobs added in the spring. Orders for durable goods, goods that are meant to last a minimum of three years, increased $6.5 billion to $236.1 […]