Consumers May Be Tightfisted, But Business Isn'tBy
In past expansions, business spending was usually the economy's wallflower. Not this time. Outlays for new plants and equipment have been the life of the party. And with increasingly wary consumers likely to lift their spending only modestly, a strong capital-goods sector is a big reason why the second-quarter slowdown won't turn into a second-half rout.
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