Dispatches > The Buzz

The Buzz

"The Buzz" Continued...

Issue: "Darwin's meltdown," April 3, 2004

Capital investment, the spending by businesses on equipment and software that make workers more productive, was another bright spot in the report. Business spending grew at a rate of 14.9 percent in the fourth quarter, and economists said the strong showing, on the heels of a 17.6 percent growth rate in the third quarter, indicates a sustained recovery might be taking hold. After-tax corporate profits grew by 7.6 percent, which followed a 10.1 percent jump in the third quarter.

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