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Technology / AI and automation

US MARKET FOR CAPITAL EQUIPMENT IS SOFTENING

Although the wider lead indicators in the US still show little sign of recession, there are growing indications that the market for capital equipment there is softening: after Hewlett-Packard Co’s slowdown in US orders during the first quarter, Xerox Corp is saying that April sales of business equipment in the first quarter were 3% to 4% down on those for a year ago, following a trend that began in the first quarter; overseas sales are vibrant.

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CBR Staff Writer

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