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Annual Capital Expenditures: 2015

Summary of Findings

General highlights

In 2015, U.S. nonfarm businesses invested $1,638.6 billion in new and used structures and equipment, an increase of 2.5 percent over the revised 2014 total of $1,597.9 billion (See Summary Table A below, and Tables 1a and 1b). Total spending on new structures and new equipment was $1,527.1 billion.

Expenditures in 2015 for new and used structures totaled $645.7 billion (See Figure 1). Of this amount, $592.3 billion (91.7 percent) was spent for new structures.  Expenditures for used structures totaled $53.4 billion.

Spending on new and used equipment totaled $992.9 billion in 2015, up $38.6 billion (4.0 percent) from 2014. Of this amount, $934.8 billion (94.1 percent) was for new equipment, an increase of $36.2 billion (4.0 percent) from 2014.  Expenditures for used equipment totaled $58.1 billion.

Summary Table A. Capital Expenditures and Relative Standard Errors (RSE) for New and Used Structures and Equipment: 2015 and 2014 Revised
(Billions of current dollars)

Capital Expenditures

2015

2015 RSE
(Percent)

2014

2014 RSE
(Percent)

Difference

% Change

Total

1,638.6

1.2

1,597.9

0.9

40.7

2.5


New

1,527.1

1.0

1,505.6

0.9

21.5

1.4

 NS

Used

111.5

9.7

92.3

5.0

19.2

20.8

 NS

Structures

645.7

2.7

643.6

2.2

2.1

0.3

 NS

New

592.3

2.0

607.0

2.0

-14.6

-2.4

 NS

Used

53.4

18.7

36.6

9.1

16.8

45.8

 NS

Equipment

992.9

0.9

954.3

0.7

38.6

4.0


New

934.8

1.0

898.6

0.7

36.2

4.0


Used

58.1

3.0

55.7

3.5

2.5

4.4

 NS

Source: U.S. Census Bureau, 2015 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.

The Annual Capital Expenditures Survey collects data from companies with and without employees. Companies with employees accounted for $1,544.7 billion (94.3 percent) of total capital spending in 2015.  These companies invested $603.6 billion in structures.  Expenditures on equipment totaled $941.1 billion, up $43.2 billion (4.8 percent) from 2014  (See Figure 2).

Companies without employees accounted for $93.9 billion (5.7 percent) of capital spending in 2015, with $42.1 billion spent on structures and $51.8 billion spent on equipment (See Summary Table B below).

Summary Table B. Capital Expenditures and Relative Standard Errors (RSE) for Structures and Equipment: 2015 and 2014 Revised
(Billions of current dollars)

Capital Expenditures

2015

2015 RSE
(Percent)

2014

2014 RSE
(Percent)

Difference

% Change

Total

1,638.6

1.2

1,597.9

0.9

40.7

2.5


Companies with employees

1,544.7

1.3

1,506.6

0.9

38.1

2.5

 NS

Companies without employees

93.9

4.7

91.3

5.3

2.7

2.9

 NS

Structures

645.7

2.7

643.6

2.2

2.1

0.3

 NS

Companies with employees

603.6

2.8

608.7

2.3

-5.1

-0.8

 NS

Companies without employees

42.1

8.6

34.9

7.9

7.2

20.6

 NS

Equipment

992.9

0.9

954.3

0.7

38.6

4.0


Companies with employees

941.1

0.9

897.9

0.6

43.2

4.8


Companies without employees

51.8

5.1

56.4

5.3

-4.5

-8.1 

 NS

Source: U.S. Census Bureau, 2015 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.

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 2015 compared with 2014, 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).

Of the 132 industries covered in this report, 33 had a statistically significant increase in spending, 19 had a statistically significant decrease, 77 showed no significant change from the prior year, and 3 have 2015 values suppressed and no comparisons can be made.

Manufacturing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Manufacturing

239.6

231.1

3.7%

 NS

Structures

52.3

50.5

3.6%

 NS

Equipment

187.3

180.6

3.7%

 NS

Durable Goods Industries

123.0

124.8

-1.5%

 NS

Structures

20.9

19.5

7.0%


Equipment

102.1

105.3

-3.0%

 NS

Nondurable Goods Industries

116.6

106.3

9.7%


Structures

31.4

31.0

1.4%

 NS

Equipment

85.2

75.3

13.1%


Source: U.S. Census Bureau, 2015 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.


Mining

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Mining

174.7

230.8

-24.3%


Structures

140.1

187.3

-25.2%


Equipment

34.6

43.4

-20.3%

 

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Finance and Insurance

164.5

153.3

7.3%


Structures

19.9

17.8

11.4%


Equipment

144.6

135.4

6.8%


Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Information

135.5

132.0

2.7%

 NS

Structures

33.0

33.3

-1.0%

 NS

Equipment

102.6

98.7

3.9%


Source: U.S. Census Bureau, 2015 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.


Real Estate and Rental and Leasing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Real Estate and Rental and Leasing

152.3

121.9

24.9%

 NS

Structures

62.4

44.7

39.7%

 NS

Equipment

89.9

77.2

16.4%

 

Source: U.S. Census Bureau, 2015 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.


Utilities

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Utilities

130.2

118.9

9.5%


Structures

71.3

63.8

11.6%


Equipment

59.0

55.1

7.1%


Source: U.S. Census Bureau, 2015 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.


Transportation and Warehousing

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Transportation and Warehousing

116.7

111.0

5.1%


Structures

42.5

40.6

4.8%


Equipment

74.2

70.5

5.3%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Health Care and Social Assistance

93.6

89.0

5.1%

 NS

Structures

49.1

47.5

3.4%

 NS

Equipment

44.5

41.5

7.1%


Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Retail Trade

85.8

82.4

4.2%


Structures

36.9

35.6

3.7%

 NS

Equipment

49.0

46.8

4.5%


Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Wholesale Trade

42.8

44.8

-4.3%

 NS

Structures

12.6

12.3

2.2%

 NS

Equipment

30.3

32.5

-6.7%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Accomodation and food services

32.6

29.8

9.4%

 NS

Structures

17.0

14.2

19.6%

 NS

Equipment

15.7

15.7

0.2%

 NS

Source: U.S. Census Bureau, 2015 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.


Professional, scientific, and technical services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Professional, scientific, and technical services

33.6

30.4

10.6%


Structures

8.4 7.2

16.1%


Equipment

25.2 23.2

8.9%


Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Construction

33.5

30.3

10.6%

 NS

Structures

2.7 3.8

-30.3%

 NS

Equipment

30.8 26.5

16.5%

 

Source: U.S. Census Bureau, 2015 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.


Educational services

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Educational services

31.4    

25.8

21.6%


Structures

24.3 19.7

23.2%


Equipment

7.1 6.1

16.2%

 

Source: U.S. Census Bureau, 2015 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 waste and management

Capital Expenditures for Structures and Equipment for Companies with Employees: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Administrative and support waste and management

26.4

22.6

17.0%

 

Structures

6.5 4.1

58.9%

 

Equipment

19.9 18.5

7.7%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Other Services (except public administration)

23.1

20.3

14.0%

 NS

Structures

13.2 11.1

19.4%

 NS

Equipment

9.9 9.2

7.6%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Arts, Entertainment, and Recreation

16.2

19.6

-17.4%

 NS

Structures

8.8 12.2

-27.4%


Equipment

7.3 7.4

-0.9%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Management of companies and enterprises

5.2

5.4

-3.8%

 NS

Structures

1.0 1.2

-15.6%


Equipment

4.1 4.1

-0.2%

 NS

Source: U.S. Census Bureau, 2015 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: 2015 and 2014 Revised

(Billions of current dollars)

Capital expenditures

2015

2014

% Change

Total Forestry, fishing, and agricultural services

3.4

4.0

-15.3%

 NS

Structures

0.6 1.0

-32.6%

 NS

Equipment

2.7 3.0

-9.8%

 NS

Source: U.S. Census Bureau, 2015 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

Related Information


Page Last Revised - December 16, 2021
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