March 10, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. manufacturers' capital-spending expectations over the next 12 months dipped compared with last month, based on the latest outlook survey by the National Association of Manufacturers (NAM). Respondents indicated that failure to extend the 2017 Tax Cuts and Jobs Act (TCJA) by the end of the year will hinder capital investment in equipment.