Manufacturer Survey: Slowest Capex Growth Expected Since 2020

September 21, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The National Association of Manufacturers (NAM) latest quarterly membership survey shows respondents expect capital spending to rise 2.2% over the next 12 months, down from 2.6% in the previous survey, and the lowest since the fourth quarter of 2020. According to the survey results, which were released on Monday, 45.6% expect additional capital spending in the next year, with 40.3% predicting no change and 14.1% forecasting reduced capital expenditures. Industrial Info is tracking nearly 1,200 Industrial Manufacturing Projects, worth $238 billion, that are under construction in the U.S.