[Economic Indicators July, 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.