Economic Outlook Calls for 3.9% Rise in Equipment Investment; Uptick Expected in Ag Machinery

Equipment and software investment growth decelerated during the second consecutive quarter and is expected to moderate at 3.9% (unchanged from the Q3 Update of the Economic Outlook published in July), according to the Q4 Update to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. Overall, the economy is expected to expand 2.2%, down from the previous estimate of 2.5%, with growth driven primarily by…

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