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

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 [3], 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 [4])