Optimism in the U.S. economy is triggering increased capital spending at private companies, according to a new report from PricewaterhouseCoopers. Over half (59%) of private-company leaders are optimistic about U.S. economic prospects for the next 12 months, according to PwC US’s latest Trendsetter Barometer. More than one-third of them plan major new capital investments, the highest percentage in over two years.

PwC’s Trendsetter Barometer incorporates the views of 205 C-suite executives (CEOs and CFOs): 118 from companies in the product sector and 87 in the service sector, averaging $355 million in enterprise revenue/sales and including large, $500 million-plus private companies.

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