1. Companies Increase Spending to Cut Costs.
- Author
-
Uchitelle, Louis
- Subjects
- *
CAPITAL investments , *ECONOMIC development , *EXECUTIVES' attitudes , *CORPORATIONS ,UNITED States economy, 2001-2009 - Abstract
Examines how U.S. business is beginning to increase spending on new machines and equipment. Goal of investing in these tools in order to cut costs; How the replenishment of depleted stocks by companies contributed to the surge in economic growth in the first quarter of 2002; Observation that capital spending and hiring must take place to sustain an economic expansion; Views of business executives; Why capital spending is a swing factor in economic growth; Outlook.
- Published
- 2002