Capital spending cut the least since 2007

3 September 2010, 2:05 pm

Businesses cut spending at the slowest pace since 2007 as demand from abroad spurred earnings, the Finance Ministry said Friday. Capital spending excluding software fell 1.5 percent in the three months that ended June 30 from a year earlier, after sliding 12.9 percent in the previous quarter, the ministry said. The decline was less than the 5.9 percent median estimate of four economists surveyed ...... Read More »

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