I expect some of it is going simply to savings, or advanced allocation of materials ahead of tariffs. Some companies may simply opt to reduce spend ahead of per

I expect some of it is going simply to savings, or advanced allocation of materials ahead of tariffs. Some companies may simply opt to reduce spend ahead of perceived economic downturn e.g. to maintain reserves in anticipation of reduced income. But I imagine this is measurable and would be curious the extent to which this impacts the overall trends.