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
Green consultant guarantees LEED certification or your money back
With cities mandating LEED (Leadership in Energy and Environmental Design) certification for public, and even private, buildings in growing numbers, an Atlanta-based sustainability consulting firm is hoping to ease anxieties over meeting those goals with the industry’s first Green Guaranteed.
| Aug 11, 2010
Skanska, Turner most active in U.S. hotel construction, according to BD+C's Giants 300 report
A ranking of the Top 50 Hotel 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
Gilbane, Whiting-Turner among nation's largest university contractors, according to BD+C's Giants 300 report
A ranking of the Top 50 University Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit /giants
| Aug 11, 2010
Suffolk breaks ground on colorful charter school in Boston
Suffolk Education has broken ground and began renovations and construction of a new $39.6 million facility to house the Boston Renaissance Charter Public School. The Suffolk team is renovating an existing, three-story mill building and warehouse in the Hyde Park section of Boston, Massachusetts, and constructing a 20,000 square-foot addition.
| Aug 11, 2010
McCarthy, Skanska among nation's largest healthcare contractors, according to BD+C's Giants 300 report
A ranking of the Top 50 Healthcare 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
Turner, Webcor, Hensel Phelps top BD+C's list of the 75 largest green contractors
With more than $3 billion in value of construction put in place for green buildings in 2008, Turner Construction tops BD+C’s ranking of the nation’s 75 largest green contractors, published as part of the Giants 300 report. Webcor Builders ($2.27 billion), Hensel Phelps Construction ($2.10 billion), The Whiting-Turner Contracting Co. ($1.97 billion), and Clark Group ($1.89 billion) round out the top five.
| Aug 11, 2010
Installation work begins on Minnesota's largest green roof
Installation of the 2.5 acre green roof vegetation on the City-owned Target Center begins today. Over the course of two days a 165 ton crane will hoist five truckloads of plant material, which includes 900 rolls of pre-grown vegetated mats of sedum and native plants for installation on top of the arena's main roof.
