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[IWS] Census: ANNUAL CAPITAL EXPENDITURES SURVEY 2013 [5 February 2015]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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ANNUAL CAPITAL EXPENDITURES SURVEY 2013 [5 February 2015]
The Annual Capital Expenditures Survey (ACES) provides data on capital spending for new and used structures and equipment by U.S. nonfarm businesses with and without employees. Data have been collected annually beginning with data for 1994. Also, every five years, for years ending in "3" and "8", detailed data by types of structures and types of equipment have been collected from companies with employees. In 2010, it was decided that this detailed data should be collected for years ending in "2" and "7" beginning in 2013, to align with the years in which the Economic Census is conducted. United States Code, Title 13, authorizes this survey and makes responding mandatory; it also protects the confidentiality of respondents and the data they provide.
These statistics are an important input for federal agencies constructing composite national economic measures, such as the Bureau of Economic Analysis' estimates of private-fixed investments, a major component of gross domestic product; the Bureau of Labor Statistics' estimates of capital stocks for productivity analysis; and the Federal Reserve Board's Flow of Funds accounts. Industry analysts and businesses use these data for market analysis, economic forecasting, product development, and business planning.
Tip Sheet, 5 February 2015
Capital Spending by U.S. Businesses Increased 4.5 Percent in 2013
U.S. business spending on new and used structures and equipment rose 4.5 percent, from $1,423.6 billion in 2012 to $1,488.2 billion in 2013, according to the latest economic data released today by the U.S. Census Bureau.
These findings come from the 2013 , which provides statistics on capital spending for new and used structures and equipment by U.S. nonfarm businesses with and without paid employees. This survey, conducted annually since 1994, is an integral part of the federal government’s effort to improve and supplement ongoing statistical economic programs.
§ Investments for new and used structures totaled $577.9 billion in 2013 (see .) The vast majority of this amount, $545.0 billion (94.3 percent), was spent on new structures. Expenditures for used structures totaled $33.0 billion (5.7 percent) in 2013.
§ Investments in new and used equipment totaled $910.3 billion in 2013, up $57.0 billion (6.7 percent) from $853.2 billion in 2012. The majority of this amount (94.1 percent) was for new equipment, which totaled $856.7 billion in 2013, an increase of $56.5 billion (7.1 percent) from $800.2 billion in 2012. Expenditures for used equipment (5.9 percent of the amount) totaled $53.5 billion in 2013.
§ Of the 19 North American Industry Classification System () major industry sectors covered in this report, only one sector had a statistically significant year-to-year decrease in capital spending: The utilities sector () showed a decrease of 10.6 percent, from $125.0 billion in 2012 to $111.7 billion in 2013. Eight sectors had a statistically significant increase in capital spending and ten showed no statistically significant change during this period (see .)
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