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August 13, 2008

All Business: Keep an eye on how firms are spending

  • A weaker business climate could spur companies to slow expansion drastically, further weakening the labor market.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Economists and the media keep talking about the state of the fragile consumer, but it might be time to look at how businesses are spending, too.

    Construction of new plants, stores and more is growing at a brisk pace, factory orders are at six-month highs and corporate purchases of things like computers and software is slowing but not by much.


     
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