Survey: Manufacturers Likely to Cut CapEx in 2020

It was reported this week that U.S. manufacturing executives plan to spend 2.1% less on capital expenditures in 2020, the first drop since 2009, according to a survey by the Institute for Supply Management. Nearly 40% of executives said the domestic economy was their main reason for cutting back, while just 3% cited tariffs as the cause.

The report indicates a turnaround may begin in the first half of 2020 and pick up later in the year. 12/10/2019