Flat capex: A McDonald’s Corp restaurant in Nashville, Tennessee. McDonald’s Corp will keep its capital expenditures flat with 2015 at US2bil, its lowest budget in more than five years. – Bloomberg
NEW YORK: The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other US industries.
Companies cutting or flat-lining their capital expenditures in 2016 outpace those that say they will increase spending by a factor of more than two to one, according to a Reuters analysis.
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