As 1955 began, just about everybody expected that business would be good for the first six months. At the end of a healthy first quarter, what is the outlook for the next six months?
Last week it seemed even brighter than the start of the year. In January spending for industrial expansion was heading down. Last week the SEC and the Commerce Department reported that in the second quarter, business outlays for new plants and equipment will go up. Full year expenditures are expected to be about $27 billion, slightly higher than in 1954.
Consumers...
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