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Census: Capital Expenditures Rise 14 Percent to Record High in 2006

News release: “Capital spending by all U.S. businesses rose 14.3 percent to a record high $1.31 trillion in 2006, according to the U.S. Census Bureau. This represents a $165 billion increase from the $1.14 trillion in capital spending reported in 2005 and surpasses the previous high of $1.16 trillion in 2000. These data come from the Census Bureau’s 2008 Capital Spending Report: U.S. Capital Spending Patterns, 1999 – 2006. This report provides historical data on capital spending based on the Annual Capital Expenditures Survey. This survey collects information on expenditures for new and used structures and equipment by U.S. nonfarm businesses with and without paid employees. Data at the sector level are available only for employer businesses.”

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