US Witnessing ‘CapEx Comeback’ as Investment Wave Hits Economy: Treasury

The U.S. economy is experiencing a “CapEx Comeback” this year as private-sector investment soars, the Treasury Department said.

Capex, short for capital expenditures, refers to investments businesses make to purchase or upgrade industrial equipment, vehicles, technology infrastructure, and machinery. Economists consider capital expenditures as a gauge of the future, as companies expand capacity or bolster efficiency in anticipation of future growth.