Year: 1951
Type: editorial
Abstract: Plant Expansion GOVERNMENT agencies have reported that the capital outlays by American business in 1951 are expected to reach a new peak of $24.8 billion compared with $18.6 billion last year and with the previous high of $19.2 billion which was established in 1948. Capital outlays by manufacturing industries are expected to amount to $12.8 billon which is about $500 million less than was estimated for the year by some of the nation's top economists last March. It is also reported that there will be a drop of $200 million in the final quarter, compared with estimated expenditures for new plant and equipment in the third quarter. If these figures are correct (they still are only guesses), they may indicate that plant expansion programs have reached a maximum rate of operations for the rearmament program. Nevertheless the figures are impressive. The over-all capital investment of approximately $25 billion during the current year means that American ...
Source: Chemical & Engineering News
Author: WALTER J. MURPHY
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4230045017