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Census Bureau Reports Business Investment Held Steady at $1.38 Trillion in 2008

News release: “U.S. businesses spent $1.38 trillion on new and used structures and equipment in 2008, of which $1.29 trillion, or 93.7 percent, was spent on new structures and equipment, according to the U.S. Census Bureau. These figures were nearly the same in 2007. These findings come from the Annual Capital Expenditures Survey (ACES), which measures capital investment in new and used structures and equipment by nonfarm businesses. The data for 2008, as in all years ending in “3” or “8,” provide additional information for companies with employees by types of structures and equipment (i.e., machinery, furniture and computers).”

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