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.
Summary Table A. Capital Expenditures and Relative Standard Errors (RSE) for New and Used Structures and Equipment: 2017 and 2016 Revised |
|||||||
---|---|---|---|---|---|---|---|
Capital Expenditures |
2017 |
2017 RSE |
2016 |
2016 RSE |
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. |
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).
Summary Table B. Capital Expenditures and Relative Standard Errors (RSE) for Structures and Equipment: 2017 and 2016 Revised |
|||||||
---|---|---|---|---|---|---|---|
Capital Expenditures |
2017 |
2017 RSE |
2016 |
2016 RSE |
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. |
(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).
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. |
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.
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)
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |