And prices of capital equipment, which rose in most earlier months this year, were also unchanged.

How can we be spending two thirds more on capital equipment?

"The opportunity to save on a deduction is less, at least as to capital equipment."

We're going to invest at an even greater rate now in capital equipment and new buildings.

This category is considered a good gauge of business spending plans on capital equipment.

As a result, he said, many American companies "are not going to be investing in capital equipment."

This provided for a new building, capital equipment and core staff support.

But this doesn't take into account the capital equipment you need if you're to be self-sufficient.

And America's capital equipment is the oldest in years.

"Spending for capital equipment and software has really been in a decline," he said.