Capital appropriations rose 1.1% in the quarter.
- Share via
A Conference Board survey showed that 1,000 of the biggest manufacturers in the United States approved for spending on new plants and equipment in the third quarter of last year a total of $20.2 billion, the first quarterly increase for 1986. Appropriations for the first three quarters of 1986 were down 22.1% from the same period of 1985, the Conference Board added. Actual capital spending by the firms fell 5.8% in the third quarter to $22.9 billion. That was down from $24.3 billion in the second quarter, the business-supported research group reported.
More to Read
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox twice per week.
You may occasionally receive promotional content from the Los Angeles Times.