News wire article from our research archive:

CAPITAL EXPENDITURES RISE 14 PERCENT TO RECORD HIGH IN 2006

The U.S. Department of Commerce's Bureau of the Census issued the following press 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 ...

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