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Monday, October 27, 2008

Non-Residential Investment: WalMart Spending to Decline

by Calculated Risk on 10/27/2008 03:44:00 PM

From MarketWatch: Wal-Mart U.S. to add remodels, trim new store growth

Capital spending for Wal-Mart U.S. is expected to decline to $5.8 billion to $6.4 billion for fiscal 2009 from $9.1 billion last year. For fiscal 2010, capital spending is pegged at $6.3 billion to $6.8 billion ...
Just more evidence of the imminent non-residential construction downturn.