Capital Spending: Is Business Running Scared?
What a performer. While other sectors of the U.S. economy stagnated last year, Corporate America laid out big bucks for new computers, industrial machinery, and other productivity-enhancing equipment. The splurge provided the economy with its backbone: A stunning 56% of economic growth during the first nine months of 1995 came from higher capital spending (chart).
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.