Capital Spending

This is the Net Rising Index for Capital Spending from the July 2006 NABE Industry Survey. From the survey:

The capital spending NRI dropped to 25 after six consecutive quarters of 30 and above readings. To put in an historical perspective, throughout the survey’s 24-year history, only 29 percent of the time did the index have a reading higher than 25. With this being said, however, this latest survey does indicate capital-spending growth may have lost some momentum during the April-June period. The overall slowdown was a direct result of contraction in the goods-producing sector, where a NRI reading of 0 was registered. All other sectors showed growth, led by TUC (NRI of 48) and services (36).