Business Services Industry
Business stays bullish on capital spending, investing 9.4% more in '95.(Commerce Department forecast)
Modern Materials Handling, November, 1995 by Delano, Daryl
American businesses say they will spend 9.4% more on new plant and equipment this year than they did in 1994. This forecast comes from a U.S. Commerce Department survey done this summer. Manufacturing firms will invest a whopping 26.1% more in 1995 than they did last year. Nonmanufacturing capital spending this year will show only a modest, 3.5% increase from 1994's level, however.
The survey of 30,000 companies updated one done late last year (reported here in the May issue). Companies earlier had projected only a 6.6% increase in 1995 outlays.
The stronger spending plans documented in the new survey (with a 75% response rate vs. a 70% rate in the original one) further suggest that businesses are increasingly optimistic that solid economic growth will be...
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