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Summary of Findings

General highlights

In 2018, U.S. nonfarm employer businesses invested $1,697.9 billion in new and used structures and equipment, an increase of $120.1 billion (7.6 percent) from the revised 2017 employer total of $1,577.8 billion (See Summary Table A below, and Tables 1a and 1b). Total spending on new structures and new equipment was $1,608.5 billion, an increase of $111.3 billion (7.4 percent) from the revised 2017 total of $1,497.2 billion.  Information on companies without employees was not collected for the 2018 survey.

Expenditures on new and used structures totaled $644.4 billion in 2018, up $32.4 billion (5.3 percent) from 2017 (See Figure 1). Of this amount, $608.1 billion (94.4 percent) was spent for new structures, an increase of $31.7 billion (5.5 percent) from 2017. Expenditures for used structures totaled $36.3 billion.

Spending on new and used equipment totaled $1,053.5 billion in 2018, up $87.7 billion (9.1 percent) from 2017. Of this amount, $1,000.4 billion (95.0 percent) was for new equipment, an increase of $79.6 billion (8.6 percent) from 2017. Expenditures for used equipment totaled $53.1 billion, an increase of $8.1 billion (18.0 percent) from 2017.

  

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, 6 had a statistically significant increase in capital spending in 2018 compared with 2017, 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 2 and Figure 3).

Source: U.S. Census Bureau, 2018 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.

Of the 132 industries covered in this report, 40 had a statistically significant increase in spending, 17 had a statistically significant decrease, 75 showed no significant change from the prior year.

Manufacturing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Manufacturing

259.2

247.0

4.9%

 

Structures

59.4

57.7

2.8%

 NS

Equipment

199.8

189.3

5.5%

 

Durable Goods Industries

138.4

129.1

7.2%

 

Structures

26.7

24.2

10.2%

NS

Equipment

111.7

104.9

6.5%

 

Nondurable Goods Industries

120.8

117.9

2.4%

NS

Structures

32.7

33.5

-2.5%

NS

Equipment

88.1

84.4

4.4%

 

Source: U.S. Census Bureau, 2018 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.

 

Finance and Insurance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Finance and Insurance

181.6

163.0

11.4%

 

Structures

25.6

22.7

12.5%

 

Equipment

156.0

140.3

11.2%

 

Source: U.S. Census Bureau, 2018 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.

 

Information

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Information

175.7

158.9

10.6%

 

Structures

43.5

34.4

26.3%

 

Equipment

132.2

124.5

6.2%

 

Source: U.S. Census Bureau, 2018 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]

Real Estate and Rental and Leasing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Real Estate and Rental and Leasing

174.0

161.4

7.8%

 NS

Structures

70.5

73.0

-3.5%

 NS

Equipment

103.5

88.4

17.1%

 

Source: U.S. Census Bureau, 2018 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]

Mining

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Mining

153.4

134.4

14.1%

 

Structures

113.6

108.4

4.8%

 NS

Equipment

39.8

26.0

52.9%

 

Source: U.S. Census Bureau, 2018 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]

Utilities

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Utilities

146.5

133.9

9.4%

 

Structures

73.9

66.6

11.0%

 

Equipment

72.5

67.3

7.8%

 

Source: U.S. Census Bureau, 2018 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]

Transportation and Warehousing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Transportation and Warehousing

122.4

108.5

12.8%

 

Structures

44.6

40.4

10.4%

 

Equipment

77.8

68.1

14.2%

 

Source: U.S. Census Bureau, 2018 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.

 

Health Care and Social Assistance

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Health Care and Social Assistance

108.4

104.6

3.6%

NS

Structures

59.8

56.7

5.5%

NS

Equipment

48.6

47.9

1.5%

NS

Source: U.S. Census Bureau, 2018 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.

 

Retail Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Retail Trade

89.3

90.5

-1.3%

NS

Structures

38.9

38.7

0.4%

NS

Equipment

50.4

51.8

-2.6%

NS

Source: U.S. Census Bureau, 2018 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]

Professional, scientific, and technical services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Professional, scientific, and technical services

42.5

37.2

14.2%

 NS

Structures

13.6

11.6

17.4%

 NS

Equipment

28.9

25.6

12.7%

 

Source: U.S. Census Bureau, 2018 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.

 

Wholesale Trade

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Wholesale Trade

42.5

44.0

-3.4%

 NS

Structures

12.7

14.0

-9.1%

 NS

Equipment

29.7

30.0

-0.8%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Construction

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Construction

39.0

35.0

11.4%

 NS

Structures

4.0

3.3

24.4%

 NS

Equipment

34.9

31.7

10.1%

 NS

Source: U.S. Census Bureau, 2018 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]

Educational services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Educational services

36.3   

37.0

-1.7%

 NS

Structures

29.5

30.2

-2.3%

 NS

Equipment

6.9

6.8

1.1%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Accommodation and food services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Accommodation and food services

36.0

35.8

0.5%

 NS

Structures

17.4

18.3

-5.0%

 NS

Equipment

18.6

17.5

6.2%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Administrative and support and waste management

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Administrative and support and waste management

29.2

26.5

10.1%

 NS

Structures

6.9

4.9

40.2%

 NS

Equipment

22.2

21.6

3.1%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Arts, Entertainment, and Recreation

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Arts, Entertainment, and Recreation

24.7

22.4

10.2%

NS

Structures

14.8

14.0

5.6%

NS

Equipment

10.0

8.5

17.7%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Other Services (except public administration)

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Other Services (except public administration)

22.2

21.7

2.7%

 NS

Structures

12.4

13.2

-6.0%

 NS

Equipment

9.9

8.5

16.1%

 NS

Source: U.S. Census Bureau, 2018 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.

 

Management of companies and enterprises

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Management of companies and enterprises

6.8

6.9

-2.4%

 NS

Structures

1.8

1.7

6.4%

 NS

Equipment

5.0

5.2

-5.3%

 

Source: U.S. Census Bureau, 2018 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.

 

Forestry, fishing, and agricultural services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2018 and 2017 Revised

(Billions of current dollars)

Capital expenditures

2018

2017

% Change

Total Forestry, fishing, and agricultural services

4.7

4.5

3.5%

 NS

Structures

0.7

0.8

-4.5%

 NS

Equipment

3.9

3.7

5.1%

 NS

Source: U.S. Census Bureau, 2018 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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