U.S. Small Businesses Reduce Capital Expenditure to Lowest Since 2009
U.S. small businesses have significantly reduced their capital expenditure intentions, reaching their lowest levels since December 2009, according to BofA Securities. This trend indicates cautious spending behavior, with the National Federation of Independent Business (NFIB) reporting on the March data. The decline in capex highlights a potential slowdown in economic activity among small businesses.
Topics: BofA Securities capital expenditure economic indicators NFIB small business