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The capital spending slump that originated in the hard-hit energy sector appears to be spreading more widely across other U.S. industries. Companies cutting or flat-lining their capital expenditures in 2016 outpace those that say they will increase spending by a factor of more than two to one, according to a Reuters analysis. Companies in industries as diverse – and relatively strong – as healthcare, consumer goods and restaurants are among those tightening their belts in yet another sign that economic growth in 2016 may be anemic.

Source: Fearing lean times, U.S. companies tighten purse strings