Investments reach record-high level on strong public sector spending
Capital expenditures on non-residential construction and machinery and equipment are expected to rise 8.6% to $298.2 billion in 2022, following a 10.4% increase in 2021. This strength is based on record-high capital investments expected by the public sector, which should reach $116.8 billion in 2022. It is also based on a capital investment increase of 7.8% (to $181.4 billion) expected in the private sector, just shy of the level recorded in 2019.
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