05262020Tue
Last updateTue, 26 May 2020 2pm

End-User News

Falling Oil Prices Drag Down U.S. Business Investment

The dramatic decline in the price of oil has led to massive investment reductions by U.S. oil and gas producers. The Federal Reserve Bank of Dallas expects at least a 35% drop in such investment between the first and second quarters of 2020 in real (inflation-adjusted) terms, which will reduce nonresidential business fixed investment by 6% alone.

The outlook for capital expenditures in 2020 is highly uncertain but skewed to the downside.

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