The Economy: Signs of Expansion

THE ECONOMY

Will the U.S. economy continue to expand in the year ahead? One reliable clue can be found in capital spending, the money that businessmen invest in new plant and equipment. This year's outlay will reach about $64.5 billion, and until recently, forecasters had expected little if any gain in 1969. Behind the pessimism were two negative portents: capital spending fell by an annual rate of $2 billion in this year's second quarter; and in the third quarter, the nation's plants were producing at 83.3% of capacity, a five-year low. Even so, economic signals are beginning to continued on next...

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