Production of business equipment and capital expenditures are surging, indicating a major investment wave has begun, Treasury Secretary Scott Bessent said Tuesday morning.
“Business equipment production jumped 11% annualized in Q2 after a huge 23% gain in Q1 — the strongest back-to-back growth since 1997,” Bessent posted on X. “CapEx is up 16.6% in the first half of 2025, signaling a major investment wave underway.”
Data from the Federal Reserve shows that production of business equipment rose to its highest level in nearly three years in June, making it the second-best month since before the pandemic struck. The all-time high in monthly…
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