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Will Companies Invest Their Tax Savings in Capital Goods?

Will Companies Invest Their Tax Savings in Capital Goods?

Non-defense core capital goods (excluding aircraft and defense purchases) are a proxy for spending by industries. Increased capital expenditure by industries (XLI) is a positive sign as the management would do so only if they are expecting increasing demand, thus making this indicator a forward-looking indicator. This economic indicator has a weight of 4% in the LEI.