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Opinion
Brooke Sutherland

Industrial Spending Should Be Booming. But Will It?

Some investors and analysts have posited that capital spending might prove more resilient in the face of a consumer downturn. The signals are mixed, though.

The housing market is one of the headwinds for manufacturers.

The housing market is one of the headwinds for manufacturers.

Photographer: David Paul Morris/Bloomberg

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Could this economic slowdown be different for industrial companies? There are valid reasons to think so, but it’s becoming harder to make the argument.