Sabri Oncu wrote: >Do you have any recent statistics on business spending? I expect >some improvement but haven't seen any recent numbers yet. I would >appreciate it if you send some info.
Nope, not much of one yet - and companies are still cutting capital budgets (though this may be to please Wall Street, and they may act differently if the economy recovers). The series people are looking at is nondefense capital goods <http://www.census.gov/indicator/www/m3/hist/naicshist.htm>, which was up a bit in December - down a bit if you exclude "the volatile aircraft sector," as the boilerplate goes. This is the big question mark - since recession was led by capital spending cutbacks, can the recovery be consumer led? Doug
