Q2 Investments by US Businesses Most in 13 Years

Q2 Investments by US Businesses Most in 13 Years

by -
0

1st wisconsin bldgThe Commerce Department report released Friday did offer some encouraging economic news.

Businesses invested the most in 13 years on equipment and software during the second quarter. For the first time in two years, builders boosted spending on commercial projects. And home builders spent the most in 27 years, although many expect that to fade now that government homebuying tax credits have expired.

The report also showed that the economy grew at a 3.7 percent pace in the first three months of this year. That was much better than the 2.7 percent pace estimated just a month ago.

(From today’s AP Finance report in RealClearMarkets)

COMMENTS