[Economic Indicators May, 1995]
[Page Number 10]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
EXPENDITURES FOR NEW PLANT AND EQUIPMENT

According to the Commerce Department July-August 1994 survey, business 
spending for new plant and equipment was expected to rise 8.8 percent in 
1994, following a rise of 7.3 percent in 1993.
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                                                            [Billions of dollars; quarterly data at seasonally adjusted annual rates]                                                           
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                                                          Industries surveyed quarterly                                                                      Addenda                            
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                                       Manufacturing                                   Nonmanufacturing                                                                Nonmanufacturing         
     Period                  --------------------------------------------------------------------------------------------------  Total non-                  -----------------------------------
                  All indus-                           Non-                                                            Com-         farm       Manufacturing                                    
                     tries      Total     Durable    durable    Total \1\     Mining    Transportation    Public      mercial    business\2\                    Total    Surveyed     Surveyed  
                                           goods      goods                                              utilities   and other                                           quarterly   annually\3\
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1984............     373.83     139.61      64.57      75.04      234.22       11.86          13.44         57.53      151.39       418.38         139.61       278.77     234.22        44.55  
1985............     410.12     152.88      70.87      82.01      257.24       12.00          14.57         59.58      171.09       454.93         152.88       302.05     257.24        44.81  
1986............     399.36     137.95      65.68      72.28      261.40        8.15          15.05         56.61      181.59       447.11         137.95       309.16     261.40        47.75  
1987............     410.52     141.06      68.03      73.03      269.46        8.28          15.07         56.26      189.84       461.51         141.06       320.45     269.46        50.99  
1988............     455.49     163.45      77.04      86.41      292.04        9.29          16.63         60.37      205.76       508.22         163.45       344.77     292.04        52.73  
1989............     507.40     183.80      82.56     101.24      323.60        9.21          18.84         66.28      229.28       563.93         183.80       380.13     323.60        56.53  
1990 ...........     532.61     192.61      82.58     110.04      339.99        9.88          21.47         67.21      241.43       591.96         192.61       399.34     339.99        59.35  
1991 ...........     528.39     182.81      77.64     105.17      345.58       10.02          22.66         66.57      246.32       587.93         182.81       405.12     345.58        59.54  
1992............     546.60     174.02      73.32     100.69      372.58        8.88          22.64         72.21      268.84       607.71         174.02       433.69     372.58        61.11  
1993 ...........     586.73     179.47      81.45      98.02      407.26       10.08          21.77         75.98      299.44       650.41         179.47       470.95     407.26        63.68  
1994 \4\........     638.37     192.56      92.78      99.77      445.81       11.24          21.19         76.44      336.93   ............       192.56     ........     445.81   ............
                                                                                                                                                                                                
1992: I  .......     534.23     173.14      73.26      99.87      361.09        8.99          21.82         69.09      261.19   ............       173.14     ........     361.09   ............
      II  ......     541.29     172.52      73.74      98.78      368.77        9.20          23.32         72.56      263.69   ............       172.52     ........     368.77   ............
      III  .....     547.82     173.05      72.63     100.42      374.77        8.96          23.66         72.48      269.67   ............       173.05     ........     374.77   ............
      IV  ......     559.39     176.74      73.64     103.09      382.65        8.43          21.66         73.79      278.77   ............       176.74     ........     382.65   ............
                                                                                                                                                                                                
1993: I  .......     563.48     173.99      78.19      95.80      389.49        8.98          22.38         73.78      284.35   ............       173.99     ........     389.49   ............
      II  ......     578.95     177.55      80.33      97.22      401.40        9.10          21.50         74.45      296.35   ............       177.55     ........     401.40   ............
      III  .....     594.56     182.48      82.74      99.74      412.09       11.09          21.32         75.94      303.74   ............       182.48     ........     412.09   ............
      IV  ......     604.51     182.15      83.64      98.51      422.36       10.92          21.84         78.87      310.73   ............       182.15     ........     422.36   ............
                                                                                                                                                                                                
1994: I  .......     619.34     185.04      86.03      99.02      434.29       11.43          22.47         73.20      327.20   ............       185.04     ........     434.29   ............
      II  ......     637.08     193.99      91.71     102.28      443.09       10.70          19.59         76.51      336.28   ............       193.99     ........     443.09   ............
      III \4\...     651.92     197.36      98.97      98.39      454.56       11.57          20.73         78.50      343.76   ............       197.36     ........     454.56   ............
      IV \4\....     645.13     193.83      94.44      99.39      451.30       11.27          21.98         77.57      340.48   ............       193.83     ........     451.30   ............
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    \1\Excludes forestry, fisheries, 
and agricultural services; 
professional services; social 
services and membership 
organizations; and real estate, 
which, effective with the April-May 
1984 survey, are no longer surveyed 
quarterly. See last column 
(``nonmanufacturing surveyed 
annually'') for data for these 
industries.
    \2\``All industries'' plus the 
part of nonmanufacturing that is 
surveyed annually.
    \3\Consists of forestry, 
fisheries, and agricultural 
services; professional services; 
social services and membership 
organizations; and real estate.
    \4\Planned capital expenditures 
as reported by business in July-
August 1994, corrected for biases.

    Note.--The quarterly Plant and 
Equipment Survey has been 
discontinued and replaced by a new 
semi-annual indicator survey: 
Business Investment and Plans. The 
first new survey results for 1993-95 
were released February 23, 1995. The 
new survey data may be incorporated 
into Economic Indicators at a later 
date. See Plant and Equipment 
Expenditures and Plans release of 
September 8, 1994 for details.

    Source: Department of Commerce, 
Bureau of the Census.