Manufacturing Drives Capital Spending

WASHINGTONThe U.S. manufacturing sector accounts for only 13 percent of all employment, but it is the largest sector of the U.S. economy investing in capital equipment.

According to a U.S. Census Bureau’s report, capital equipment expenditures made by manufacturing companies totaled $214.7 billion in 2000. This eclipsed the information sector by $51 billion.

In 2000, U.S. businesses invested $1.17 trillion in new and used capital goods, up 12 percent from 1999. Total spending on new structures was $368 billion, with $758 billion being spent on new equipment.

The manufacturing sector’s $214.7 billion in investment accounted for 19.5 percent of the country’s total expenditures on capital goods. This is an increase of 9 percent from 1999. Of that total, $175 billion was spent on equipment, nearly one quarter of all investment in equipment.

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