Federal Reserve Bank of Boston | bostonfed.org |
Bank Administration, 7 January 2020
Other sectors: Mixed signals
▶ Capital spending (orange line)
▶ Weaker—Orders for key capital
goods have only recently risen
above shipments
▶ Mirrors weakness in global
manufacturing
▶ Housing (blue line)
▶ Permits have surged lately
▶ Lower mortgage rates have
helped
Sources: Census Bureau (Orders, shipments, permits), Haver analytics.
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