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The Dangerous Decline in Investment in Equipment and Software

November 21, 2013
| Blogs & Op-eds

One of the most important, if little publicized, intermediate economic indicators is business investment in new equipment and software. This type of investment drives productivity and competitiveness, not just in manufacturing firms, but in the economy as a whole. It is therefore troubling, to say the least, that the trends in U.S. investment in capital equipment are down, not up.

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