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U.S. Census Bureau Reports Business Spending on Fixed Assets Rises to $1.36 Trillion in 2007

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U.S. businesses spent $1.36 trillion on new and used structures and equipment in 2007, of which $1.28 trillion, or 93.7 percent, was spent on new structures and equipment, according to the U.S. Census Bureau. These findings come from the 2007 Annual Capital Expenditures Survey, which measures spending on new and used structures and equipment for businesses with and without paid employees. Expenditures for new and used structures totaled $529.3 billion, an increase of $40.1 billion from 2006. (More)

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