This page looks at corporate investment, or capital expenditure. The left chart shows the global manufacturing Purchasing Managers' Index investment output sub-index (grey line) is pointing to a strong recovery in 2021, and this could lead to a rebound in global capital goods demand, as shown by the purple line.
On the right, the relationship between corporate credit spread and U.S. capital spending is also close. A tightening of corporate credit spreads (grey line) usually imply companies can borrow at lower interest rates and funding is more readily available. This would, in time, allow for companies to go ahead and invest in the business, as shown by non-residential fixed investment (purple line).