Net Rising Index, Capital Spending, NABE Industry Survey July 2008
The Graph of the Week is the Net Rising Index for Demand from the July 2008 NABE Industry Survey. From the survey:
The percentage of respondents reporting capital spending growth edged lower from the first to the second quarter of 2008, although spending was still close to its historical average. Overall capital spending plans for the coming year were unchanged from the last survey. By spending type, expectations remained unchanged on balance for computer and communications equipment outlays and edged higher for structures investment, although the TUIC and FIRE sectors reported declines in spending plans. Only 15% of respondents said they would add or accelerate investment as a result of depreciation provisions of the economic “stimulus” tax law.
NABE members can read the full survey online. A summary is available to the public