The increase in the deficit reflected in part spending on coronavirus relief programs including enhanced unemployment benefits.
In addition, they remain extremely conservative about how they "invest" excess cash.
The third-quarter Duke/CFO Business Outlook Survey finds CFOs will slow spending while awaiting a new president’s policy decisions.
CFOs from different regions of the world have different plans for their excess cash.
The 0.6% increase in overall spending in September was fueled by a 4.9% jump in construction of apartments and condominiums.
With income, consumption, and inflation trending lower, the prospects for an interest-rate hike next month may be dimming.
