Business Spending Is Poised to Surge in the U.S.

U.S. companies lifted their outlook for investment this year, while noting that tariffs will raise prices and cause supply disruptions, according to a private survey.

The Institute for Supply Management’s semi-annual forecast showed factory purchasing managers see capital spending jumping 10.1 percent in 2018, well above the 2.7 percent projection made in the last report released in December. Service providers project investment will climb 6.8 percent, up from 3.8 percent. Employment plans ticked up for manufacturers, and were unchanged in services from the prior survey.