U.S. manufacturers plan first pullback in investment since 2009

FACTORY EXECUTIVES forecast capital expenditures will decrease 2.1% in 2020. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
FACTORY EXECUTIVES forecast capital expenditures will decrease 2.1% in 2020. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT
WASHINGTON – United States manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving. Factory executives forecast capital expenditures will decrease 2.1% in 2020, which if realized would be the first annual decline in 11 years, according to a semiannual survey from the…

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