Beamed Presidential Economic Adviser Gabriel Hauge: "No doubt about it. That's big news." The big news was a report from the Commerce Department that industry's expenditures for plant and equipment apparently stopped declining in the third quarter, will start climbing in the fourth quarter. The Department polled industry, found capital outlays are expected to be at the same annual rate in the third quarter as in the second, $30.3 billion, seasonally adjusted. Spend ing is expected to rise in the fourth quarter to $31 billion, some three to six months before forecasters had expected the turnabout to come.
Industry is encouraged to...
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