Inside.com: Capital expenditures expected to be smaller this year
Inside.com reports capital spending by U.S. manufacturers is forecast to increase by 1% this year, down from a 14.9% annual increase in 2023. The U.S. Federal Reserve is keeping interest rates at a 23-year high, which is forcing many companies to slow down capital expenditures. Michigan-based Fullerton Tool Co. has delayed plans to spend $1 million upgrading the equipment it uses...
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