Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023 Summary: The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by much more than expected in March amid a substantial rebound in orders for transportation equipment. The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised 1.2 percent in February. Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0 percent slump that had been reported for the previous month. Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3 percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected to dip by 0.2 percent. Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-in-march

1. Durable Goods and
Capital Spending –
United States
Paul Young CPA CGA
April 26, 2023

2. Paul Young – Senior
Data and AI Expert
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. 3
Agenda
• Durable Goods
• Business Investment Outlook – 2021
• Supply Chain and Analytics
• Capital Ex Planning
• Blog – Supply Chain
• Blog – ESG Reporting

4. 4
Durable Goods / Key Areas – USA
Source - https://www.census.gov/economic-indicators/index.php

5. 5
Durable Goods / Key Areas – USA
Source - https://www.census.gov/economic-indicators/index.php

6. 6
Durable Goods / Key Areas – USA
Source - https://www.census.gov/economic-indicators/index.php

7. 7
BMO Economics – Durable Good

8. 8
2023 – Capital
Spending

9. 9
Business Investment Outlook / 2022
capspendind.pdf

10. 10
Business Investment Outlook / 2021
Source - https://www.kiplinger.com/economic-forecasts/business-spending

11. 11
Capital Investment

12. 12
Supply Chain and Analytics

13. 13
Capital Expenditure Planning

14. 14
Blog – Supply Chain
Many thanks to Deloitte, MHI, Thomasnet for posting this survey.
It was a close race between the top four technology areas respondents said they are increasing supply chain resiliency
investments in:
 Inventory and network optimization — 54%
 Cloud computing and storage — 54%
 Robotics and automation — 53%
 Sensors and automatic identification — 52%
For more information, please see the following link: https://www.linkedin.com/pulse/blog-need-resilience-amid-pandemic-
disruption-powering-paul-young/?published=t

15. 15
How to Build Resilient Supply Chain
• Blog – How to build a resilient Supply Chain using Data and AI
https://ibm.box.com/s/bqy9mr0ktlgi64sbf49o4rg5d9w0rqkn

16. 16
Integrated Business Planning and
Reporting
Source - https://actionkpi.com/integrated-profitability-program/

17. 17
ESG Reporting
Blog - Accountant’s face challenges with ESG reporting -
Financial professionals are confronting some big obstacles when it comes to environmental, social and governance
reporting, according to a new survey, including competing and sometimes conflicting disclosure frameworks, reporting
methodologies and stakeholder demands.
The report, released Thursday by Financial Executives International’s Financial Education & Research Foundation, polled
53 chief accounting officers and controllers from some of the largest U.S. companies, and found that 53% of the
respondents indicated they had not yet started to integrate ESG reporting with their financial reporting, while 43% said
they had only just started to do so. Data is the biggest single challenge to ESG reporting, with questions related to
collection, collation, analysis and control among the biggest ESG-related data questions. The plethora of competing
standards and frameworks is also a big challenge, with 85% of companies using multiple ESG reporting frameworks.
Finance professionals reported they had a hard time hearing through all the noise and providing relevant, concise ESG
metrics in telling their organization’s ESG story.
Source - https://www.accountingtoday.com/news/accountants-face-challenges-with-esg-reporting
Templates: https://ibm.box.com/s/nsbds2s5v8znpwqzc03p9urykbat38w0
Presentation: https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce

18. 18
Summary
• Capital spending continues to face many challenges
Blog – Durable Goods and Capital Spending Analysis and Commentary – April 2023
Summary:
The Commerce Department released a report on Wednesday showing new orders for U.S.
manufactured durable goods surged by much more than expected in March amid a substantial
rebound in orders for transportation equipment.
The report said durable goods orders spiked by 3.2 percent in March after tumbling by a revised
1.2 percent in February.
Economists had expected durable goods orders to climb by 0.8 percent compared to the 1.0
percent slump that had been reported for the previous month.
Excluding the jump in orders for transportation equipment, durable goods orders rose by 0.3
percent in March after falling by 0.3 percent in February. Ex-transportation orders were expected
to dip by 0.2 percent.
Source – https://www.nasdaq.com/articles/u.s.-durable-goods-orders-surge-much-more-than-expected-
in-march
Additional sources:
Capital spending - https://www.wsj.com/articles/companies-capital-spending-forecast-to-slow-in-2023-
amid-recession-fears-11673652862
Capital spending and ESG - https://www.gsam.com/content/gsam/ncsu/en/institutions/market-
insights/gsam-insights/perspectives/2023/how-sustainability-is-transforming-the-economy.html or
https://www.esgtoday.com/over-80-of-businesses-plan-to-increase-spending-on-environmental-
sustainability-goals-over-next-year-honeywell/
Cash holdings - https://www.cnbc.com/2023/04/05/how-markets-biggest-companies-manage-cash-and-
investments.html
Construction spending - https://www.marketwatch.com/press-release/the-construction-spending-
market-2023-is-expected-to-udergo-significant-changes-due-to-new-technologies-and-other-industry-
related-factors-2023-04-21