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CFOs See 12% Capex Rise, Deloitte Survey Finds

Anemic payroll outlays and surging sales will fuel the growth in capital spending, the firm suggests.

July 15, 2010

Buoyed by optimism about revenue and earnings growth, CFOs say their companies will boost capital spending by an average of 12% during the next 12 months, according to the results of a survey of 136 finance chiefs released Wednesday by Deloitte. But a closer look at the numbers reveals that part of the profit growth would be sustained by sluggishness in hiring and that the capex increases vary greatly by industry. Read more...

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