Capital Spending Cuts Across US

Capital Spending Cuts Across US

According to a Reuters analysis, the capital spending slump that originated in the energy sector is spreading across other US industry. It is said that companies cutting or leveling off their capital spending in 2016 outpaces those saying they will increase it. “Companies in industries as diverse – and relatively strong – as healthcare, consumer goods and restaurants are among those tightening their belts in yet another sign that economic growth in 2016 may be anemic.”

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