After two consecutive years of solid growth, equipment and software investment growth is likely to slow in 2019 to 3.9%, according to the Q3 update to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
Equipment and software investments are projected to grow 4.5% in the second quarter according to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released this month by the Equipment Leasing & Finance Foundation.
Equipment and software investment increased at a robust rate in the first half of 2018, driven by more preferable tax treatment and a general upswing in the U.S. economy.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.