Capital Spending Seen Rising Outside of Energy: Chart of the Day
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Capital spending is poised to rise for most industries even as lower oil prices limit investments by energy producers, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.
The CHART OF THE DAY shows annual spending figures that Levkovich presented in an Oct. 17 report. They are derived from data for more than 670 non-financial companies that Citigroup’s analysts cover.