US Portfolio Strategy - Investing for Growth: Capex and R&D (英文)
GLOBAL INVESTMENT RESEARCH - August 2009
Capex and R&D forecasted to fall in 2009-2010
We forecast S&P 500 capex will drop by 22% in 2009 and by 15% in 2010. The 34% decline from peak would represent the most significant decline in 25 years and implies that spending next year will return to 2004 levels. Bottom-up analysts expect an 18% fall and a 2% rise.
>> US Portfolio Strategy - Investing for Growth: Capex and R&D August 31, 2009 [PDF, 309 KB]
We forecast S&P 500 capex will drop by 22% in 2009 and by 15% in 2010. The 34% decline from peak would represent the most significant decline in 25 years and implies that spending next year will return to 2004 levels. Bottom-up analysts expect an 18% fall and a 2% rise.
>> US Portfolio Strategy - Investing for Growth: Capex and R&D August 31, 2009 [PDF, 309 KB]