U.S. factory orders rose solidly in Aug.
The Hindu
New orders for U.S.-made goods accelerated 1.2% in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of
New orders for U.S.-made goods accelerated 1.2% in August, pointing to sustained strength in manufacturing even as economic growth appeared to have slowed in the third quarter because of shortages of raw materials and labour.
Manufacturing, which accounts for 12% of the economy, is being driven by still-strong demand for goods. Businesses are rebuilding inventories, which were depleted in the first half, underpinning activity at factories. An Institute for Supply Management survey last week noted that “companies and suppliers continue to deal with an unprecedented number of hurdles to meet increasing demand.”
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.