Manufacturers Loosen Budgets To Make Tech Upgrades
PYMNTS
JULY 12, 2020
of Wisconsin, said they’ve maintained or accelerated investments in tech and research. Morgan Stanley reported a three-month average index of planned capital spending among U.S. David Berge , a senior vice president at Moody’s, said large manufacturers typically spend 3 percent to 5 percent of annual revenue on capital expenditures.
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