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
| Aug 11, 2010
AGC unveils comprehensive plan to revive the construction industry
The Associated General Contractors of America unveiled a new plan today designed to revive the nation’s construction industry. The plan, “Build Now for the Future: A Blueprint for Economic Growth,” is designed to reverse predictions that construction activity will continue to shrink through 2010, crippling broader economic growth.
| Aug 11, 2010
PCL Construction, HITT Contracting among nation's largest commercial building contractors, according to BD+C's Giants 300 report
A ranking of the Top 50 Commercial Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Webcor, Hunt Construction lead the way in mixed-use construction, according to BD+C's Giants 300 report
A ranking of the Top 30 Mixed-Use Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Clark Group, Hensel Phelps among nation's largest federal government contractors, according to BD+C's Giants 300 report
A ranking of the Top 40 Federal Government Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Report: Fraud levels fall for construction industry, but companies still losing $6.4 million on average
The global construction, engineering and infrastructure industry saw a significant decline in fraud activity with companies losing an average of $6.4 million over the last three years, according to the latest edition of the Kroll Annual Global Fraud Report, released today at the Association of Corporate Counsel’s 2009 Annual Meeting in Boston. This new figure represents less than half of last year’s amount of $14.2 million.
