Growth in machinery and
equipment investment remained robust, increasing by 2 per cent in the quarter.
Not exact matches
The September quarter Rabobank survey suggests that farm
equipment investment intentions, which are not covered in the Capex survey,
remain at a high level, despite a slight decline in reported confidence in the farm sector.
Business spending on
equipment and software has risen significantly; however,
investment in nonresidential structures is declining and employers
remain reluctant to add to payrolls.
«A realistic
equipment programme will give confidence to our armed forces that the programmes that
remain will be delivered in the numbers and to the timescale required, and will also allow industry to make informed
investment decisions,» Mr Arbuthnot continued.
The $ 500,000 maximum amount of
equipment placed in service that businesses can expense and the annual
investment limit of $ 2,000,000
remain in effect for 2011.