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
| Sep 24, 2012
$3.8-million athletic field and track opens in Glen Head, N.Y.
The complex also includes a new, one-story, multi-purpose building that serves as the main entry port to the athletic facilities.
| Sep 21, 2012
AAMA and WDMA release updated review and forecast that predicts industry trends
Significant volume is expected to return to the entry and interior door market as new construction demand is expected to grow at double-digit rates, outpacing remodeling and replacement activity as the housing market recovers.
| Sep 20, 2012
Mid-box retail study shows lack of available sites in Chicago
Existing supply is tight everywhere and almost non-existent in the most attractive zones.
| Sep 20, 2012
Forrester begins construction of freestanding cancer center in Montgomery County, Md.
The new 51,000-square-foot building will include two linear accelerator vaults for radiation equipment.
| Sep 19, 2012
Modular, LEED-Gold Certified Dormitory Accommodates Appalachian State University Growth
By using modular construction, the university was able to open a dorm a full year earlier than a similar dorm built at the same time with traditional construction.
| Sep 19, 2012
ABI back into positive territory
South continues to lead regions in demand for design services.
| Sep 19, 2012
Sasaki opens office in Shanghai
Office supports firm’s present and future work in China, throughout Asia.
| Sep 18, 2012
MBMA partners with ORNL for whole building energy efficiency study
The results are intended to advance energy efficiency solutions for new and retrofit applications.
| Sep 18, 2012
MKK opens office in North Dakota
MKK is currently working on seven projects in North Dakota, including a hotel, restaurant, truck stop, office building, and apartment complex.
| Sep 18, 2012
Firestone Building Products launches new website
Deep product information and innovative customer support tools are highlights.