Capital spending by American business has been slack for nearly a year, but will grow in the coming months. Orders for non-defense capital goods (excluding aircraft) have actually declined since last August. GDP data suggests slow spending growth for business equipment and software. Nonetheless, there’s good reason for optimism.
Capital spending by American business has been slack for nearly a year, but will grow in the coming months. Orders for non-defense capital goods (excluding aircraft) have actually declined since last August. GDP data suggests slow spending growth for business equipment and software. Nonetheless, there’s good reason for optimism.
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