Tech companies are dominating the world, and their domination is only growing as they spend more than the rest of the market to develop and expand their offering.
The latest issue of Goldman Sachs’ Fortnightly Thoughts research newsletter looks at the topic of global CapEx spending and finds an interesting trend. While global CapEx spending is on the rise, the split between ‘defensive’ and ‘growth’ CapEx is skewed heavily towards tech companies.
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Tech Sector Dominates Global Capex Spending Growth
According to Goldman’s research, after three years of declines, aggregate capital spending for Goldman Sachs’ coverage of 2,500 companies is set to grow by c.4% year-on-year in 2017 in line with 4% real growth in...
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