Businesses appear willing to invest a little more this year, but the hoped-for flood of hoarded corporate cash still seems unlikely, amid lingering fiscal uncertainty and caution over the economy. A modest spending rise occured despite the U.S. governments New Year’s deal to avert most of the tax hikes in the fiscal cliff, though the year is off to a strong start. Orders for core capital goods in January jumped 6.3% from December, even as overall durable goods orders fell 5.2% on aerospace and defense weakness, said the Commerce Department.
Confidence in the equipment finance industry rose for the third straight month in February, though wariness over the economy and fiscal policy persist, according to the Equipment Leasing and Finance Association’s research affiliate. Read More of the Investors Business Daily article
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