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U.S. businesses spent $1.36 trillion on new and used structures and equipment in 2007, of which $1.28 trillion, or 93.7 percent, was spent on new structures and equipment, according to the U.S. Census Bureau.
These findings come from the 2007 Annual Capital Expenditures Survey, which measures spending on new and used structures and equipment for businesses with and without paid employees.
Expenditures for new and used structures totaled $529.3 billion, an increase of $40.1 billion from 2006. Of that total, 91.5 percent was spent on new structures. Expenditures for new and used equipment totaled $832.3 billion, 95.2 percent of which went to new equipment.
Companies with employees accounted for $1.28 trillion, or 93.8 percent, of total capital spending in 2007, a 5 percent increase from 2006. These companies spent $494.8 billion on structures, a 9 percent increase from 2006, and $782.6 billion on equipment, a 2.5 percent increase from 2006.
Companies without employees accounted for $84.2 billion in capital spending in 2007, a decrease of $8.6 billion, or 9.3 percent, from 2006; $34.5 billion went to structures and $49.7 billion to equipment.
Sector and industry highlights:
Statistical difference is determined at the 90 percent confidence level and is arrived at by calculating a confidence interval (or range) about the estimate of change. If this range contains zero (0), then it is uncertain whether there was an increase or a decrease; that is, the change is not statistically different.
Data in the report are subject to sampling variability as well as nonsampling errors. Sources of nonsampling error include errors of response, nonreporting and coverage. More details concerning survey design, methodology and data limitations are available in the full report, which is available online at <www.census.gov/econ/aces/>.