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Manufacturing execs open pockets, see growth ahead

from IndustryWeek

Remaining positive about the U.S. economy and sales at their own companies, manufacturing executives in two new surveys say they will be increasing capital spending to prepare for improving business conditions. Some 52 percent of industrial manufacturers in the quarterly Manufacturing Barometer survey conducted by PwC said they plan major new investments in CAPEX spending, up 13 points from the March 2014 survey. The mean investment was expected to be 5.7 percent of sales, higher than the 5.4 percent reported three months ago and well above the 4.0 percent forecast a year ago. more

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