Capital Spending Net Rising Index
The Graph of the Week is the Net Rising Index ofEmployment from the April 2008 NABE Industry Survey. From the survey:
Capital spending growth in the first quarter declined from the last survey, although spending was still above its historical average. Capital spending plans for the coming year pulled back in the most recent survey. This decline was spread across all sectors, especially in services. Expectations decreased for computer and communications equipment outlays and for structures investment, with the services sector reporting the largest declines in plans. Only 8% of respondents said they would add or accelerate investment as a result of depreciation provisions of the “stimulus” bill.
NABE members can read the full report here. A summary is available to the public.