Equipment group: 2019 capital outlay bump stands to best GDP rate

Source: Equipment Leasing & Finance Foundation, Washington, D.C.

Investment in equipment and software is projected to expand 4.1 percent in the new year, during which gross domestic product is set to increase 2.3 percent over 2018. The 2019 Equipment Leasing & Finance U.S. Economic Outlook notes that such investment increased at a robust rate in the first half of 2018, driven by more preferable tax treatment and a general upswing in the U.S. economy. However, growth slowed in the third quarter and recent federal government figures suggest a continuation of the trend, providing a weak jumping off point for 2019. 

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