Sign In
Sign In
Business spending on capital goods, once an area of considerable relative strength, has weakened of late. When the spending pickup began earlier in this recovery, the utilization rates for existing facilities were so low that many expressed surprise. Only a little of the spending went for increased capacity, of course. Most of it was aimed at labor-saving equipment. Though this focus held back the pace of hiring, it did contribute to economic growth. While Tuesday’s report on October non-defense capital goods purchases showed a 0.8% rise, most of this year’s data suggest the demand has run its course and the capital spending sector, too, has fallen into the slow slog that has typified much of the rest of the economy for some time now. Recommended Stories
Debt Shakeout Will Make Some Big Firms Even Bigger
Covid-19 will increase consolidation of resources with large global businesses, especially in tech and retail sectors.
Corporate Audits down 71%
New tax audits ground to a halt as the coronavirus pandemic crippled the IRS.
Resource Center
Interactive Asset
Sponsored by Serrala
Preparing your treasury department for what lies ahead means knowing what tools are available, and what s best for your organization.
Treasury & Risk
Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!
- Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.