Spending by U.S. businesses on new and used structures and equipment rose 4.5%, from $1.42 billion in 2012 to $1.49 billion in 2013, according to the latest economic data released today by the U.S. Census Bureau.
These findings come from the 2013 Annual Capital Expenditures Survey, which provides statistics on capital spending for new and used structures and equipment by U.S. non-farm businesses with and without paid employees. This survey, conducted annually since 1994, is an integral part of the federal government’s effort to improve and supplement ongoing statistical economic programs.
Highlights:
• Investments for new and used structures totaled $577.9 billion in 2013. The vast majority of this amount, $545.0 billion (94.3%), was spent on new structures. Expenditures for used structures totaled $33.0 billion (5.7%) in 2013.
• Investments in new and used equipment totaled $910.3 billion in 2013, up $57.0 billion (6.7%) from $853.2 billion in 2012. The majority of this amount (94.1%) was for new equipment, which totaled $856.7 billion in 2013, an increase of $56.5 billion (7.1%) from $800.2 billion in 2012. Expenditures for used equipment (5.9% of the amount) totaled $53.5 billion in 2013.
• Companies with employees accounted for $1.4 trillion (93.9%) of total capital spending in 2013.
• Of the 19 North American Industry Classification System (NAICS) major industry sectors covered in this report, only one sector had a statistically significant year-to-year decrease in capital spending: The utilities sector (NAICS 22) showed a decrease of 10.6%, from $125.0 billion in 2012 to $111.7 billion in 2013. Eight sectors had a statistically significant increase in capital spending and ten showed no statistically significant change during this period.
Related Stories
Structural Materials | Mar 30, 2015
12 projects earn structural steel industry's top building award
Calatrava's soaring Innovation Science and Technology Building at Florida Polytechnic University is among the 12 projects honored by the American Institute of Steel Construction in the 2015 IDEAS² awards competition.Â
Cultural Facilities | Mar 30, 2015
Designs released for new entertainment center in Lubbock, Texas
Amenities of the facility include a performance venue that seats 2,220, a smaller one that seats 425, a 6,000-sf multipurpose room, and a bistro café.
Multifamily Housing | Mar 27, 2015
Bathroom fixtures get a starchitect makeover by Bjarke Ingels
This Danish starchitect elevates the toilet paper holder (and other bathroom accessories).
Architects | Mar 27, 2015
Illustrator Federico Babina explores architecture as animals
When you pay attention, the Eiffel Tower really does look like a giraffe.
Transit Facilities | Mar 25, 2015
Kengo Kuma selected to design new Paris Metro station
The new station will serve as a hub to connect Paris' northern suburbs with the core.
Green | Mar 25, 2015
WELL Building Standard introduced in China
The WELL Building Standard is a performance-based system for measuring, certifying and monitoring features that impact human health and wellbeing, through air, water, nourishment, light, fitness, comfort, and mind.
High-rise Construction | Mar 24, 2015
Timber high-rise residential complex will tower over Stockholm waterfront
The four towers, 20 stories each, will be made entirely out of Swedish pine, from frame to façade.
Higher Education | Mar 23, 2015
Hong Kong university building will feature bioclimatic façade
The project's twin-tower design opens the campus up to the neighboring public green space, while maximizing the use of summer winds for natural ventilation.
Religious Facilities | Mar 23, 2015
Is nothing sacred? Seattle church to become a restaurant and ballroom
A Seattle-based real estate developer plans to convert a historic downtown building, which for more than a century has served as a church sanctuary, into a restaurant with ballroom space.
Government Buildings | Mar 23, 2015
SOM leads planning for Egypt’s new $45 billion capital city
To alleviate overcrowding and congestion in Cairo, the Egyptian government is building a new capital from scratch.