Capital Spending Net Rising Index
The Graph of the Week shows the Profits Net Rising Index from the NABE Industry Survey. From the survey highlights:
The percentage of respondents reporting capital spending growth moved lower for the fourth consecutive quarter. For the first time since 2003, more respondents reported lower capital spending than higher. Only 16% of respondents plan to raise capital spending over the next 12 months, with none of these expecting capital spending growth in excess of 10%. Forty-four percent of respondents expect capital spending to decline over the next year.
NABE members can read the full survey here. A summary is available for the public here.