Gartner: 37% of finance leaders have already paused some capital spending
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“This survey of finance leaders shows a near absence of planned increases in capital expenditures in the second half of 2025,” said Alexander Bant, Chief of Research in the Gartner Finance practice. “This underscores a conservative approach to the uncertain economic and policy landscape organizations are facing currently.”
A Gartner webinar poll of 197 finance leaders, taken on June 19, 2025, revealed a strong inclination toward caution and a willingness to pause or deprioritize capital spending. Three percent of respondents report pausing or deprioritizing more than 25% of capital spending for 2025:
“Finance leaders are tightening control over capital outlays until they have clarity on inflation and the federal, tax policy and geopolitical risks,” said Bant. “Since this data was collected the U.S. passed its spending and tax bill budget, giving finance leaders clarity on depreciation schedules, R&D expensing, and other related policy shifts, so they will be better able to forecast capital outlays. Some finance leaders could shift toward more capital spending, but interest rates, inflation, and trade policy still cast a great deal of uncertainty in the current moment.”
Further, 67% of finance leaders are either currently cutting costs with more expected, have completed cuts or are planning to cut in the second half of the year:
“It is interesting to note that the largest segment – 33% of respondents – indicates that they are ‘simultaneously cutting costs in some places and investing in others, with an overall net reduction in costs,’” said Bant. “Companies know that the time is now to make the right pivots in their cost structure to win the AI race that is heating up. The economic pressure is creating an opportunity to adopt a ‘nothing is sacred mindset’ and make bold reallocation to growth investment and tech purchases that set the organization up for an AI future.”