Upward Forecast for Investment in Equipment and Software

In yet another positive sign for the U.S. economy, according to the latest research, investment in equipment and software is expected to grow 5.5 percent in 2014.

The data, from the Equipment Leasing & Finance Foundation, was revised upward to 5.5 percent, up from 2.6 percent growth forecast in the group’s Q3 update in July.

Equipment and software investment is expected to steadily grow over the next six months across most verticals due to a gradually strengthening economy and continued replacement demand.

Category: General Update