General highlights
In 2016, U.S. nonfarm businesses invested $1,575.7 billion in new and used structures and equipment, a decrease of $66.3 billion (4.0 percent) from the revised 2015 total of $1,642.0 billion (See Summary Table A below, and Tables 1a and 1b). Total spending on new structures and new equipment was $1,462.4 billion, a decrease of $68.6 billion (4.5 percent) from the revised 2015 total of $1,531.0 billion.
Expenditures on new and used structures totaled $599.8 billion in 2016, down $43.0 billion (6.7 percent) from 2015 (See Figure 1). Of this amount, $543.4 billion (90.6 percent) was spent for new structures, a decrease of $46.3 billion (7.9 percent) from 2015. Expenditures for used structures totaled $56.5 billion.
Spending on new and used equipment totaled $975.8 billion in 2016, down $23.3 billion (2.3 percent) from 2015. Of this amount, $919.1 billion (94.2 percent) was for new equipment, a decrease of $22.2 billion (2.4 percent) from 2015. Expenditures for used equipment totaled $56.8 billion.
Summary Table A. Capital Expenditures and Relative Standard Errors (RSE) for New and Used Structures and Equipment: 2016 and 2015 Revised |
|||||||
---|---|---|---|---|---|---|---|
Capital Expenditures |
2016 |
2016 RSE (Percent) |
2015 |
2015 RSE |
Difference |
% Change |
|
Total |
1,575.7 |
1.1 |
1,642.0 |
1.2 |
-66.3 |
-4.0 |
|
New |
1,462.4 |
1.0 |
1,531.0 |
1.0 |
-68.6 |
-4.5 |
|
Used |
113.3 |
7.8 |
111.0 |
9.7 |
2.3 |
2.0 |
NS |
Structures |
599.8 |
1.9 |
642.9 |
2.7 |
-43.0 |
-6.7 |
|
New |
543.4 |
1.3 |
589.7 |
2.0 |
-46.3 |
-7.9 |
|
Used |
56.5 |
14.6 |
53.2 |
18.8 |
3.3 |
6.2 |
NS |
Equipment |
975.8 |
1.0 |
999.1 |
0.9 |
-23.3 |
-2.3 |
|
New |
919.1 |
1.0 |
941.3 |
1.0 |
-22.2 |
-2.4 |
|
Used |
56.8 |
3.0 |
57.8 |
3.0 |
-1.0 |
-1.8 |
NS |
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
The Annual Capital Expenditures Survey collects data from companies with and without
employees. Companies with employees accounted for $1,480.3 billion (93.9 percent) of total
capital spending in 2016. These companies invested $552.8 billion in structures, down $48.0
billion (8.0 percent) from 2015. Expenditures on equipment totaled $927.5 billion, down $19.8 billion (2.1 percent) from 2015 (See Figure 2).
Companies without employees accounted for $95.4 billion (6.1 percent) of capital spending in
2016, with $47.1 billion spent on structures and $48.3 billion spent on equipment (See Summary Table B below).
Summary Table B. Capital Expenditures and Relative Standard Errors (RSE) for Structures and Equipment: 2016 and 2015 Revised |
|||||||
---|---|---|---|---|---|---|---|
Capital Expenditures |
2016 |
2016 RSE |
2015 |
2015 RSE |
Difference |
% Change |
|
Total |
1,575.7 |
1.1 |
1,642.0 |
1.2 |
-66.3 |
-4.0 |
|
Companies with employees |
1,480.3 |
1.0 |
1,548.1 |
1.2 |
-67.8 |
-4.4 |
|
Companies without employees |
95.4 |
8.2 |
93.9 |
4.7 |
1.5 |
1.6 |
NS |
Structures |
599.8 |
1.9 |
642.9 |
2.7 |
-43.0 |
-6.7 |
|
Companies with employees |
552.8 |
2.0 |
600.8 |
2.8 |
-48.0 |
-8.0 |
|
Companies without employees |
47.1 |
9.2 |
42.1 |
8.6 |
5.0 |
11.8 |
NS |
Equipment |
975.8 |
1.0 |
999.1 |
0.9 |
-23.3 |
-2.3 |
|
Companies with employees |
927.5 |
0.9 |
947.3 |
0.8 |
-19.8 |
-2.1 |
|
Companies without employees |
48.3 |
9.1 |
51.8 |
5.1 |
-3.5 |
-6.7 |
NS |
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance. |
(Data in this section is based on the 2012 North American Industry Classification System. Data
is only for companies with employees because companies without employees are not asked to
report capital expenditures by sector or industry.)
Of the 19 NAICS major industry sectors covered in this report, 4 had a statistically significant
increase in capital spending in 2016 compared with 2015, 2 had a statistically significant
decrease, and 13 showed no statistically significant change. The values of structures and
equipment may not sum to the values of total capital expenditures due to rounding (See
Summary Chart A below, Figure 3, and Figure 4).
Of the 132 industries covered in this report, 28 had a statistically significant increase in
spending, 28 had a statistically significant decrease, 73 showed no significant change from
the prior year, and 3 have either a 2015 or 2016 values suppressed and no comparisons can
be made.
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Manufacturing |
243.6 |
245.1 |
-0.6% |
NS |
|
Structures |
56.9 |
54.7 |
4.0% |
NS |
|
Equipment |
186.6 |
190.4 |
-2.0% |
NS |
|
Durable Goods Industries |
123.1 |
127.7 |
-3.6% |
NS |
|
Structures |
22.6 |
22.8 |
-1.0% |
NS |
|
Equipment |
100.5 |
104.9 |
-4.2% |
NS |
|
Nondurable Goods Industries |
120.5 |
117.4 |
2.6% |
NS |
|
Structures |
34.3 |
31.9 |
7.6% |
NS | |
Equipment |
86.2 |
85.5 |
0.7% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Mining |
92.7 |
174.1 |
-46.7% |
||
Structures |
75.9 |
135.6 |
-44.0% |
||
Equipment |
16.9 |
38.5 |
-56.2% |
|
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Finance and Insurance |
167.1 |
164.6 |
1.5% |
NS |
|
Structures |
19.5 |
19.8 |
-1.6% |
NS | |
Equipment |
147.6 |
144.8 |
1.9% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey
|
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Information |
142.2 |
132.7 |
7.2% |
|
|
Structures |
31.9 |
30.2 |
5.7% |
NS |
|
Equipment |
110.3 |
102.5 |
7.6% |
||
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Real Estate and Rental and Leasing |
145.3 |
151.9 |
-4.3% |
NS |
|
Structures |
62.9 |
62.2 |
1.2% |
NS |
|
Equipment |
82.4 |
89.7 |
-8.1% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Utilities |
133.8 |
130.5 |
2.5% |
||
Structures |
73.8 |
71.3 |
3.6% |
||
Equipment |
60.0 |
59.2 |
1.3% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Transportation and Warehousing |
109.7 |
116.6 |
-6.0% |
||
Structures |
35.7 |
42.5 |
-15.9% |
||
Equipment |
73.9 |
74.1 |
-0.3% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Health Care and Social Assistance |
93.6 |
93.8 |
-0.2% |
NS |
|
Structures |
48.2 |
49.2 |
-2.0% |
NS |
|
Equipment |
45.4 |
44.5 |
1.9% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Retail Trade |
87.0 |
86.0 |
1.2% |
NS |
|
Structures |
39.1 |
37.0 |
5.6% |
||
Equipment |
47.9 |
49.0 |
-2.2% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Wholesale Trade |
43.9 |
42.4 |
3.5% |
NS |
|
Structures |
13.5 |
12.6 |
7.0% |
NS |
|
Equipment |
30.4 |
29.8 |
2.1% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Accomodation and food services |
29.9 |
33.1 |
-9.6% |
NS |
|
Structures |
16.8 |
17.3 |
-3.1% |
NS |
|
Equipment |
13.1 |
15.7 |
-16.8% |
|
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Professional, scientific, and technical services |
32.4 |
33.3 |
-2.8% |
NS | |
Structures |
8.9 | 8.4 |
6.1% |
NS | |
Equipment |
23.5 | 24.9 | -5.8% |
NS | |
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Construction |
36.0 |
33.3 |
8.1% |
NS |
|
Structures |
4.3 |
2.6 |
65.4% |
|
|
Equipment |
31.7 | 30.7 |
3.3% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Educational services |
30.4 |
33.2 |
-8.4% |
NS |
|
Structures |
24.0 | 25.9 |
-7.5% |
NS |
|
Equipment |
6.4 |
7.3 |
-11.6% |
|
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Administrative and support and waste management |
27.4 |
26.2 |
4.7% |
NS |
|
Structures |
7.1 |
6.5 |
7.7% |
NS |
|
Equipment |
20.4 |
19.6 | 3.7% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Other Services (except public administration) |
27.8 |
23.2 |
19.7% |
NS |
|
Structures |
16.8 | 13.1 | 28.4% |
NS |
|
Equipment |
11.0 |
10.1 |
8.5% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Arts, Entertainment, and Recreation |
22.5 |
16.1 |
39.5% |
|
|
Structures |
13.5 |
8.8 |
53.3% |
||
Equipment |
9.0 |
7.3 | 23.0% |
|
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Management of companies and enterprises |
6.2 |
5.2 |
19.4% |
|
|
Structures |
1.6 | 1.0 | 54.5% |
||
Equipment |
4.6 | 4.1 | 10.5% |
|
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |
Capital Expenditures for Structures and Equipment for Companies with Employees: 2016 and 2015 Revised (Billions of current dollars) |
|||||
---|---|---|---|---|---|
Capital expenditures |
2016 |
2015 |
% Change |
||
Total Forestry, fishing, and agricultural services |
4.6 |
3.3 |
37.3% |
NS |
|
Structures |
0.6 | 0.6 |
-6.5% |
NS |
|
Equipment |
4.0 |
2.7 |
46.9% |
NS |
|
Source: U.S. Census Bureau, 2016 Annual Capital Expenditures Survey |