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Following his appointment in February of 2021, new CEO Roland Busch announced the firm's new identity as an integrated technology company, marking a shift away from Siemens' roots as a primarily capital goods manufacturer.
Record order inflows for capital goods companies and robust credit growth are strong indicators of the growth momentum in the economy.
Source: https://www.ibtimes.co.in/markets-await-exit-polls-thursday-864267
WASHINGTON — New orders for U.S.-made capital goods fell in December, while shipments declined for a second straight month, suggesting that higher borrowing costs were now pressuring manufacturing.