U.S. Companies Plan to Slow Hiring, Capital Spending as Pessimism Grows

(Bloomberg) -- U.S. companies plan to slow hiring in the next six months and limit capital spending as they grow more pessimistic about economic growth, a survey by the National Association for Business Economics found.

Fewer firms plan to increase staff compared with the prior survey while more expect to reduce payrolls, leading to the lowest net employment reading in at least two years, the NABE reported today. Thirty-seven percent of executives in the April survey said they plan to boost capital spending in the next 12 months, down from 43 percent in the January survey.


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