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Annual Capital Expenditures: 2017

Component ID: #ti851585635

Summary of Findings

General highlights

In 2017, U.S. nonfarm businesses invested $1,682.9 billion in new and used structures and equipment, an increase of $108.0 billion (6.9 percent) from the revised 2016 total of $1,574.8 billion (See Summary Table A below, and Tables 1a and 1b). Total spending on new structures and new equipment was $1,576.4 billion, an increase of $107.7 billion (7.3 percent) from the revised 2016 total of $1,468.7 billion.

Expenditures on new and used structures totaled $666.4 billion in 2017, up $66.7 billion (11.1 percent) from 2016 (See Figure 1). Of this amount, $617.3 billion (92.6 percent) was spent for new structures, an increase of $73.6 billion (13.5 percent) from 2016. Expenditures for used structures totaled $49.1 billion.

Spending on new and used equipment totaled $1,016.5 billion in 2017, up $41.4 billion (4.2 percent) from 2016. Of this amount, $959.1 billion (94.4 percent) was for new equipment, an increase of $34.2 billion (3.7 percent) from 2016. Expenditures for used equipment totaled $57.4 billion, an increase of $7.2 billion (14.3 percent) from 2016.

Component ID: #ti629350827
Component ID: #ti851585636

Summary Table A. Capital Expenditures and Relative Standard Errors (RSE) for New and Used Structures and Equipment: 2017 and 2016 Revised
(Billions of current dollars)

Capital Expenditures

2017

2017 RSE
(Percent)

2016

2016 RSE
(Percent)

Difference

% Change

Total

1,682.9

1.0

1,574.8

1.1

108.0

6.9


New

1,576.4

0.8

1,468.7

1.0

107.7

7.3

 

Used

106.4

4.2

106.1

8.3

0.3

0.3

 NS

Structures

666.4

1.6

599.7

1.9

66.7

11.1

 

New

617.3

1.3

543.8

1.3

73.6

13.5

 

Used

49.1

8.5

55.9

14.8

-6.9

-12.3

 NS

Equipment

1016.5

0.9

975.1

1.0

41.4

4.2


New

959.1

0.8

925.0

1.0

34.2

3.7


Used

57.4

2.3

50.2

3.4

7.2

14.3

 NS
Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Component ID: #ti851585633

The Annual Capital Expenditures Survey collects data from companies with and without employees. Companies with employees accounted for $1,581.8 billion (94.0 percent) of total capital spending in 2017, an increase of $102.4 billion (6.9 percent) from 2016. These companies invested $612.8 billion in structures, up $60.1 billion (10.9 percent) from 2016. Expenditures on equipment totaled $969.1 billion, up $42.3 billion (4.6 percent) from 2016 (See Figure 2).

Companies without employees accounted for $101.0 billion (6.0 percent) of capital spending in 2017, with $53.6 billion spent on structures and $47.4 billion spent on equipment (See Summary Table B below).

Component ID: #ti210941781

Summary Table B. Capital Expenditures and Relative Standard Errors (RSE) for Structures and Equipment: 2017 and 2016 Revised
(Billions of current dollars)

Capital Expenditures

2017

2017 RSE
(Percent)

2016

2016 RSE
(Percent)

Difference

% Change

Total

1,682.9

1.0

1,574.8

1.1

108.0

6.9


Companies with employees

1,581.8

0.9

1,479.4

1.0

102.4

6.9

 

Companies without employees

101.0

6.7

95.4

8.2

5.6

5.9

 NS

Structures

666.4

1.6

599.7

1.9

66.7

11.1


Companies with employees

612.8

1.5

552.6

2.0

60.1

10.9


Companies without employees

53.6

9.4

47.1

9.2

6.5

13.9

 NS

Equipment

1,016.5

0.9

975.1

1.0

41.4

4.2


Companies with employees

969.1

0.8

926.8

0.9

42.3

4.6


Companies without employees

47.4

5.2

48.3

9.1

-0.9

-1.9

 NS
Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Component ID: #ti851585634

Highlights by business sector for companies with employees (See Tables 2, 3, and 4)

(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, 7 had a statistically significant increase in capital spending in 2017 compared with 2016, 1 had a statistically significant decrease, and 11 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).

Component ID: #ti835911903

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.

Component ID: #ti851585632

Of the 132 industries covered in this report, 40 had a statistically significant increase in spending, 13 had a statistically significant decrease, 79 showed no significant change from the prior year.

Component ID: #ti713357918

Highlights of capital expenditures by types of structures and equipment for companies with employees (See Tables 5, 6, 7, 8, and Figures 5 and 6)

The data for 2017, as in year 2012, and all prior years ending in “3” and “8”, provide additional detail on types of structures and types of equipment for companies with employees.

Of the $612.8 billion spent in 2017 on structures by companies with employees, $28.1 billion (4.6 percent) was for Residential buildings, $9.0 billion (1.5 percent) was for Hotels and motels, $62.4 billion (10.2 percent) was for Industrial buildings, $92.8 billion (15.1 percent) was for Offices, $91.8 billion (15.0 percent) was for Commercial buildings, $44.6 billion (7.3 percent) was for Health Care facilities, $12.2 billion (2.0 percent) was for Amusement and recreational facilities, $16.6 billion (2.7 percent) was for Transportation facilities, $127.7 billion (20.8 percent) was for Utility structures and facilities, $37.5 billion (6.1 percent) was for Other buildings, $81.6 billion (13.3 percent) was for Mine shafts and wells, and $8.5 billion (1.4 percent) was for Other non-building structures. (See Figure 5)

Of the $969.1 billion spent in 2017 on equipment by companies with employees, $308.6 billion (31.8 percent) was for Information-processing equipment, $189.0 billion (19.5 percent) was for Industrial equipment, $243.4 billion (25.1 percent) was for Transportation equipment, $90.6 billion (9.3 percent) was for Energy, electrical, and related equipment, $128.3 billion (13.2 percent) was for Miscellaneous equipment, and $9.1 billion (0.9 percent) was for Other equipment not listed elsewhere. (See Figure 6)

Component ID: #ti851585631

Manufacturing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Manufacturing

248.3

243.6

1.9%

 NS

Structures

58.3

57.2

2.0%

 NS

Equipment

190.0

186.4

1.9%

 NS

Durable Goods Industries

130.5

122.9

6.2%

 

Structures

24.2

22.8

6.4%

NS

Equipment

106.3

100.1

6.1%


Nondurable Goods Industries

117.8

120.7

-2.4%

NS

Structures

34.1

34.4

-1.0%

NS

Equipment

83.7

86.3

-3.0%

NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti851585630

Mining

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Mining

132.6

92.6

43.1%


Structures

106.5

75.9

40.4%


Equipment

26.0

16.8

55.2%

 

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Mining   [<1.0 MB]
Component ID: #ti851585629

Finance and Insurance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Finance and Insurance

167.5

161.7

3.6%

NS

Structures

22.4

19.5

15.1%


Equipment

145.0

142.2

2.0%

NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti851585628

Information

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Information

158.6

142.9

11.0%

 

Structures

34.4

32.3

6.5%


Equipment

124.2

110.6

12.3%


Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Information   [<1.0 MB]
Component ID: #ti851585627

Real Estate and Rental and Leasing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Real Estate and Rental and Leasing

158.3

150.7

5.1%

 NS

Structures

73.0

62.9

16.1%

 NS

Equipment

85.3

87.8

-2.8%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Real Estate   [<1.0 MB]
Component ID: #ti629350861

Utilities

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Utilities

133.7

133.5

0.2%

NS

Structures

66.5

73.5

-9.6%


Equipment

67.2

59.9

12.1%


Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Utilities   [<1.0 MB]
Component ID: #ti629350860

Transportation and Warehousing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Transportation and Warehousing

110.2

109.7

0.5%

NS

Structures

42.0

35.7

17.7%


Equipment

68.1

73.9

-7.9%

 

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350859

Health Care and Social Assistance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Health Care and Social Assistance

104.9

93.6

12.1%

NS

Structures

56.6

48.2

17.3%

NS

Equipment

48.3

45.4

6.5%

NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350858

Retail Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Retail Trade

91.8

86.9

5.6%

NS

Structures

39.5

39.1

0.9%

NS

Equipment

52.4

47.8

9.5%


Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Retail Trade   [<1.0 MB]
Component ID: #ti629350857

Wholesale Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Wholesale Trade

43.4

43.8

-0.9%

 NS

Structures

14.1

13.3

6.2%

 NS

Equipment

29.3

30.5

-4.0%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Wholesale Trade   [<1.0 MB]
Component ID: #ti629350856

Accommodation and food services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Accomodation and food services

35.8

29.9

20.0%


Structures

18.3

16.8

8.9%

 NS

Equipment

17.5

13.1

34.3%

 

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350855

Professional, scientific, and technical services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Professional, scientific, and technical services

37.5

31.7

18.3%


Structures

11.7

8.7

34.1%


Equipment

25.8

23.0

12.3%


Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350854

Construction

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Construction

35.0

36.0

-2.7%

 NS

Structures

3.3

4.3

-24.4%

 

Equipment

31.7

31.7

0.2%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


pdf   Construction   [<1.0 MB]
Component ID: #ti629350853

Educational services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Educational services

36.7   

30.4

20.6%


Structures

29.8

24.0

24.4%


Equipment

6.8

6.4

6.3%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350852

Administrative and support and waste management

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Administrative and support and waste management

26.5

27.7

-4.1%

 NS

Structures

5.3

6.9

-23.4%

 

Equipment

21.3

20.8

2.3%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350830

Other Services (except public administration)

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Other Services (except public administration)

22.0

27.2

-19.2%

 

Structures

13.2

16.8

-21.5%

 NS

Equipment

8.8

10.5

-15.6%

 

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350828

Arts, Entertainment, and Recreation

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Arts, Entertainment, and Recreation

22.4

22.5

-0.4%

NS

Structures

14.0

13.5

3.2%

NS

Equipment

8.5

9.0

-5.9%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350829

Management of companies and enterprises

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Management of companies and enterprises

7.6

6.2

22.6%

 

Structures

1.7

1.6

3.5%

NS

Equipment

5.9

4.5

29.4%

 

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Component ID: #ti629350826

Forestry, fishing, and agricultural services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2017 and 2016 Revised

(Billions of current dollars)

Capital expenditures

2017

2016

% Change

Total Forestry, fishing, and agricultural services

4.5

4.6

-1.3%

 NS

Structures

0.8

0.6

35.5%

 NS

Equipment

3.7

4.0

-6.4%

 NS

Source: U.S. Census Bureau, 2017 Annual Capital Expenditures Survey
Note: Detail may not add to total because of rounding.
NS: Not Statistically Significant

See Technical Documentation Methodology Data Quality for information on sampling variability, confidence intervals and statistical significance.


Tables

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