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Article: Visa USA Projects Growth in Business Spending to Increase to $15 Trillion in 2005.
- Article from:
- Business Wire
- Article date:
- September 14, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- New B-to-B Spending Forecast Rises as Visa Surpasses $100 Billion Milestone in Commercial Volume
Commercial spending by American businesses and government entities will continue to expand by an estimated 3.6 percent next year, according to projections from the latest Visa USA Commercial Consumption Expenditure (CCE) index released today.
Business spending is estimated to reach $14.5 trillion by the end of the year, up 4.4 percent or $577 billion from 2003. Visa economists project 3.6 percent growth in 2005 to nearly $15 trillion, with business spending steadily increasing through 2010, when it is expected to reach nearly $18 trillion.
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