According to the National Federation of Independent Business (NFIB), capital spending over the past six months has remained strong, with 62% of all firms reporting outlays, a decline of only one point from December.
Specific category spending breakdown:
Wholesale trades led the capital spending push with 49%, followed by manufacturers at 40% and agricultural firms at 37%. Companies planning capital expenditures early in the year fell a point to 32%. The number of those surveyed who view the current period as a good time to expand facilities slipped a point from December to 20%.