February 23, 2007
Capital spending on the rise
By Christina Davis
The U.S. Census Bureau reports that businesses invested $1.15 trillion in new and used structures and equipment in 2005, the largest increase since 2000.
The 2005 level surpassed the 2004 total of $1.04 trillion by 10 percent, according to the Annual Capital Expenditures: 2005 report, based on the Annual Capital Expenditures Survey (ACES).
Manufacturing led all sectors based on spending by investing $165.2 billion, an increase of 5.5 percent over 2004.
The accommodation and food service sector spent $31.5 billion, up from $20.6 billion in 2004.
For the full report, click here.
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