Saving and Investment Tables - Bureau of Economic Analysis...118 August 2006 5. Saving and Investment _____ Table 5.1. Saving and Investment [Billions of dollars] Line 2002 2003 2004
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118 August 2006
5. Saving and Investment ___________________________________________________________________________
Table 5.1. Saving and Investment [Billions of dollars]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Gross saving ....................................... Net saving ...................................................
Net private saving..................................... Personal saving .................................... Undistributed corporate profits with
inventory valuation and capital consumption adjustments................. Undistributed profits ......................... Inventory valuation adjustment......... Capital consumption adjustment ......
Wage accruals less disbursements ...... Net government saving.............................
Federal ................................................. State and local......................................
Consumption of fixed capital .................... Private ......................................................
Domestic business ............................... Households and institutions .................
Government.............................................. Federal ................................................. State and local...................................... Gross domestic investment, capital
account transactions, and net lending, NIPAs ................................
Gross domestic investment .......................... Gross private domestic investment........... Gross government investment..................
Capital account transactions (net) 1 ............. Net lending or net borrowing (–), NIPAs .......
Statistical discrepancy ...................... Addenda:
Gross private saving................................. Gross government saving.........................
Federal ................................................. State and local......................................
Net domestic investment .......................... Gross saving as a percentage of gross
national income .................................. Net saving as a percentage of gross
national income ..................................
1 2 3 4
5 6 7 8 9
10 11 12 13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
32
33
1,489.1 197.1 479.2 184.7
294.5 176.6
–2.2 120.1
0.0 –282.1 –247.9 –34.2
1,292.0 1,080.3
893.6 186.8 211.6
88.9 122.7
1,468.1 1,926.4 1,582.1
344.3 1.4
–459.7 –21.0
1,559.6 –70.5
–159.1 88.6
634.4
14.2
1.9
1,459.0 122.5 515.0 174.9
325.1 240.1 –13.6
98.7 15.0
–392.5 –372.1 –20.4
1,336.5 1,118.3
916.6 201.7 218.2
90.4 127.8
1,507.8 2,020.0 1,664.1
356.0 3.2
–515.5 48.8
1,633.3 –174.3 –281.7 107.4 683.5
13.3
1.1
1,543.7 107.5 502.4 174.3
343.0 304.7 –39.8
78.1 –15.0
–394.9 –382.0 –12.9
1,436.2 1,205.4
969.5 235.9 230.8
94.1 136.7
1,610.3 2,259.4 1,888.0
371.4 2.3
–651.3 66.7
1,707.8 –164.1 –287.9 123.8 823.2
13.2
0.9
1,612.0 7.2
319.7 –34.8
354.5 542.5 –32.6
–155.5 0.0
–312.5 –309.2
–3.3 1,604.8 1,352.6 1,059.1
293.5 252.2
99.0 153.2
1,683.1 2,454.5 2,057.4
397.1 4.4
–775.8 71.0
1,672.3 –60.2
–210.1 149.9 849.7
13.0
0.1
1,446.6 143.8 473.3 139.3
334.0 229.3
–8.8 113.4
0.0 –329.5 –294.6 –34.9
1,302.7 1,088.4
896.0 192.5 214.3
89.4 124.9
1,458.3 1,947.4 1,600.1
347.4 1.6
–490.7 11.7
1,561.7 –115.2 –205.1
90.0 644.7
13.6
1.4
1,402.6 85.5
436.9 149.1
277.8 213.6 –25.8 90.0 10.0
–351.4 –290.2
–61.2 1,317.0 1,101.1
906.1 195.0 215.9 89.7
126.2
1,423.8 1,954.6 1,606.4
348.2 1.7
–532.5 21.3
1,538.1 –135.5 –200.4
64.9 637.6
13.1
0.8
1,435.6 106.2 498.9 173.9
310.0 204.8 –3.3
108.4 15.0
–392.7 –365.5
–27.2 1,329.5 1,111.7
912.7 199.1 217.7 90.6
127.2
1,456.7 1,969.6 1,617.1
352.5 6.4
–519.2 21.1
1,610.6 –175.0 –274.9
100.0 640.1
13.2
1.0
1,445.6 103.0 562.6 194.0
343.6 245.7 –5.3
103.3 25.0
–459.6 –451.4
–8.2 1,342.6 1,123.6
919.9 203.7 219.0 90.7
128.3
1,543.5 2,053.4 1,690.5
362.8 3.3
–513.2 97.9
1,686.2 –240.6 –360.7
120.1 710.7
13.1
0.9
1,552.2 195.2 561.5 182.5
369.0 296.0 –19.9 92.9 10.0
–366.3 –381.5
15.2 1,357.0 1,136.7
927.7 209.0 220.2 90.7
129.5
1,607.1 2,102.6 1,742.3
360.3 1.4
–496.9 54.9
1,698.2 –146.0 –290.7
144.7 745.6
13.8
1.7
1,532.7 159.5 575.2 178.9
401.3 334.9 –30.0 96.4 –5.0
–415.7 –401.0
–14.7 1,373.2 1,150.3
934.5 215.8 223.0 91.8
131.2
1,576.7 2,140.2 1,781.9
358.3 1.8
–565.4 43.9
1,725.5 –192.7 –309.2
116.5 767.0
13.4
1.4
1,525.8 131.3 525.6 168.3
377.2 338.7 –47.5 86.0
–20.0 –394.3 –380.6
–13.6 1,394.5 1,166.4
945.0 221.3 228.1 93.8
134.3
1,614.0 2,263.8 1,892.2
371.7 1.6
–651.4 88.2
1,691.9 –166.1 –286.8
120.7 869.3
13.2
1.1
1,575.4 40.5
443.4 141.2
327.2 298.7 –38.6 67.1
–25.0 –402.9 –380.6
–22.3 1,534.9 1,301.9 1,027.1
274.8 233.0 94.5
138.6
1,642.2 2,293.6 1,917.7
375.9 3.7
–655.1 66.8
1,745.3 –169.9 –286.1
116.2 758.7
13.4
0.3
1,540.6 98.6
465.2 208.9
266.2 246.6 –43.1 62.8
–10.0 –366.6 –365.7
–0.9 1,442.0 1,203.1
971.5 231.6 238.9 96.2
142.7
1,608.4 2,339.9 1,960.2
379.7 1.9
–733.4 67.8
1,668.3 –127.7 –269.5
141.8 897.9
12.9
0.8
1,608.4 140.5 417.2 52.5
364.7 537.0 –39.2
–133.1 0.0
–276.6 –287.6
10.9 1,467.8 1,225.7
990.1 235.6 242.1 97.5
144.7
1,645.7 2,397.1 2,013.5
383.6 10.8
–762.1 37.4
1,642.9 –34.5
–190.1 155.6 929.3
13.2
1.2
1,565.0 74.0
351.1 –30.8
381.9 547.4 –21.0
–144.5 0.0
–277.1 –289.6
12.4 1,491.1 1,244.9 1,004.5
240.4 246.2 98.2
147.9
1,653.1 2,404.4 2,009.1
395.3 2.4
–753.6 88.1
1,596.0 –31.0
–191.3 160.3 913.3
12.7
0.6
1,653.5 –244.5
170.9 –132.6
303.5 513.0 –30.9
–178.6 0.0
–415.4 –396.0
–19.3 1,898.0 1,632.3 1,197.6
434.7 265.7 99.8
165.9
1,737.9 2,452.9 2,052.6
400.3 2.2
–717.2 84.5
1,803.2 –149.7 –296.2
146.6 554.9
13.2
–1.9
1,621.2 58.7
339.5 –28.5
367.9 572.7 –39.2
–165.6 0.0
–280.8 –263.6
–17.2 1,562.5 1,307.5 1,044.4
263.1 255.0 100.7 154.3
1,695.4 2,563.6 2,154.5
409.1 2.1
–870.2 74.3
1,647.0 –25.8
–162.9 137.1
1,001.1
12.8
0.5
1,795.5 247.4 399.4 –97.0
496.4 668.0 –22.9
–148.6 0.0
–152.0 –164.7
12.7 1,548.0 1,288.9 1,035.1
253.8 259.1 102.4 156.7
1,818.6 2,634.7 2,214.8
419.9 7.0
–823.1 23.1
1,688.4 107.1 –62.3 169.4
1,086.7
13.8
1.9
............
............
............ –141.0
............
............
............ –154.0
0.0 ............ ............ ............ 1,561.9 1,299.0 1,042.0
257.0 262.9 103.7 159.2
............ 2,665.2 2,237.5
427.7 ............ ............ ............
............
............
............
............ 1,103.2
............
............
1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
119 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.2.3. Real Gross and Net Domestic Investment by Major Type, Table 5.2.5. Gross and Net Domestic Investment by Major Type Quantity Indexes [Billions of dollars]
[Index numbers, 2000=100] Line 2002 2003 2004 2005
Gross domestic investment................... Less: Consumption of fixed capital ........... Equals: Net domestic investment .............
Gross private domestic investment .................. Less: Consumption of fixed capital ....................... Equals: Net private domestic investment..............
Fixed investment............................................. Less: Consumption of fixed capital ................... Equals: Net fixed investment ............................
Nonresidential............................................. Less: Consumption of fixed capital ............... Equals: Net nonresidential............................
Structures................................................ Less: Consumption of fixed capital ........... Equals: Net structures .............................. Equipment and software ........................ Less: Consumption of fixed capital ........... Equals: Net equipment and software........
Residential .................................................. Less: Consumption of fixed capital ............... Equals: Net residential..................................
Change in private inventories........................ Gross government investment 1 ....................... Less: Consumption of fixed capital ....................... Equals: Net government investment .....................
Federal ............................................. National defense........................... Nondefense ..................................
State and local.................................. Structures........................................................ Less: Consumption of fixed capital ................... Equals: Net structures ......................................
Federal ............................................. National defense........................... Nondefense ..................................
State and local.................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software................
Federal ............................................. National defense........................... Nondefense ..................................
State and local.................................. Addenda:
Gross domestic fixed investment ...................... Less: Consumption of fixed capital ................... Equals: Net domestic fixed investment .............
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
44 45 46
1,926.4 1,292.0
634.4 1,582.1 1,080.3
501.8 1,570.2 1,080.3
489.9 1,066.3
897.5 168.8 279.2 194.5
84.7 787.1 703.0
84.1 503.9 182.9 321.1
11.9 344.3 211.6 132.6
–0.8 –5.1 4.4
133.4 220.2
99.1 121.1
–3.1 –5.1 1.9
124.3 124.0 112.5
11.5 2.4
–0.1 2.5 9.1
1,914.5 1,292.0
622.5
2,020.0 1,336.5
683.5 1,664.1 1,118.3
545.8 1,649.8 1,118.3
531.5 1,077.4
921.8 155.5 277.2 203.3 73.9
800.2 718.5 81.7
572.4 196.5 375.9 14.3
356.0 218.2 137.7
3.3 –1.2
4.5 134.5 227.4 103.5 123.9 –2.4 –4.4
2.0 126.4 128.6 114.8 13.8
5.7 3.2 2.5 8.1
2,005.7 1,336.5
669.2
2,259.4 1,436.2
823.2 1,888.0 1,205.4
682.6 1,830.6 1,205.4
625.2 1,155.3
970.7 184.7 300.8 223.8
77.0 854.5 746.8 107.6 675.3 234.8 440.6
57.3 371.4 230.8 140.7
7.3 3.0 4.4
133.3 233.1 111.5 121.5
–3.9 –4.9
1.0 125.4 138.3 119.2
19.1 11.2
7.9 3.3 7.9
2,202.0 1,436.2
765.9
2,454.5 1,604.8
849.7 2,057.4 1,352.6
704.8 2,036.2 1,352.6
683.6 1,265.7 1,045.6
220.1 338.6 260.6
78.0 927.1 785.0 142.1 770.4 307.0 463.4
21.3 397.1 252.2 144.8
10.7 4.4 6.3
134.1 248.9 127.4 121.5
–4.3 –5.3 0.9
125.9 148.1 124.8
23.3 15.1 9.7 5.4 8.2
2,433.2 1,604.8
828.4
Line 2002 2003 2004 2005
Gross domestic investment ................... Less: Consumption of fixed capital ........... Equals: Net domestic investment..............
Gross private domestic investment................... Less: Consumption of fixed capital........................ Equals: Net private domestic investment ..............
Fixed investment ............................................. Less: Consumption of fixed capital ................... Equals: Net fixed investment .............................
Nonresidential ............................................. Less: Consumption of fixed capital ............... Equals: Net nonresidential ............................
Structures ................................................ Less: Consumption of fixed capital ........... Equals: Net structures............................... Equipment and software ........................ Less: Consumption of fixed capital ........... Equals: Net equipment and software ........
Residential ................................................... Less: Consumption of fixed capital ............... Equals: Net residential ..................................
Change in private inventories ........................ Gross government investment 1 ........................ Less: Consumption of fixed capital........................ Equals: Net government investment .....................
Federal .............................................. National defense ........................... Nondefense...................................
State and local .................................. Structures ........................................................ Less: Consumption of fixed capital ................... Equals: Net structures.......................................
Federal .............................................. National defense ........................... Nondefense...................................
State and local .................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software ................
Federal .............................................. National defense ........................... Nondefense...................................
State and local .................................. Addenda:
Gross domestic fixed investment ...................... Less: Consumption of fixed capital ................... Equals: Net domestic fixed investment .............
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
44 45 46
92.789 108.399
71.001 89.724
109.004 64.068 91.997
109.004 67.508 86.969
109.833 40.240 81.029
106.512 51.598 89.265
110.764 34.622
105.149 104.843 105.326
............... 110.178 105.357 119.009
...............
...............
............... 110.220 109.349 104.022 114.115
...............
...............
............... 112.998 111.641 106.536 183.898
...............
...............
............... 83.795
94.800 108.399
74.468
95.892 111.160 74.584 92.949
111.823 67.834 95.110
111.823 71.045 87.804
112.621 37.084 77.735
107.539 43.313 91.747
114.069 35.012
113.977 107.793 117.547
............... 112.596 107.830 121.327
...............
...............
............... 108.554 110.300 106.327 113.854
...............
...............
............... 112.040 116.755 109.161 224.242
...............
...............
............... 75.871
97.805 111.160 77.840
103.695 116.601
85.692 102.026 117.814
81.017 102.080 117.814 79.424 92.995
117.240 43.444 79.418
112.139 41.627 98.400
118.687 46.837
125.281 119.728 128.487
.............. 113.210 110.561 118.063
..............
..............
.............. 101.863 106.884 108.535 105.407
..............
..............
.............. 105.058 125.107 112.384 305.191
..............
..............
.............. 74.548
103.794 116.601
84.646
108.552 125.998
84.218 107.537 128.179
80.069 109.708 128.179 83.111 99.326
123.039 50.862 80.302
117.758 37.043
107.180 124.532 63.077
136.050 149.118 128.506
.............. 114.431 115.240 112.949
..............
..............
.............. 94.234
104.770 113.795
96.696 .............. .............. ..............
96.861 133.146 116.467 369.224
..............
..............
.............. 78.068
110.420 125.998
87.144 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures.
1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures.
NOTE. Chain-type quantity indexes for net investment are computed from chained (2000) dollar estimates of net investment by scaling the chained-dollar estimates to 100 in the reference year (2000). Chained (2000) dollar estimates of net investment appear in table 5.2.6.
120 Saving and Investment August 2006
Table 5.2.6. Real Gross and Net Domestic Investment by Major Type, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Gross domestic investment ................... Less: Consumption of fixed capital ........... Equals: Net domestic investment..............
Gross private domestic investment .................. Less: Consumption of fixed capital ....................... Equals: Net private domestic investment ..............
Fixed investment ............................................. Less: Consumption of fixed capital ................... Equals: Net fixed investment.............................
Nonresidential ............................................. Less: Consumption of fixed capital ............... Equals: Net nonresidential ............................
Structures ................................................ Less: Consumption of fixed capital ........... Equals: Net structures .............................. Equipment and software ........................ Less: Consumption of fixed capital ........... Equals: Net equipment and software ........
Residential................................................... Less: Consumption of fixed capital ............... Equals: Net residential ..................................
Change in private inventories ........................ Gross government investment 1........................ Less: Consumption of fixed capital ....................... Equals: Net government investment .....................
Federal.............................................. National defense ........................... Nondefense ..................................
State and local .................................. Structures ........................................................ Less: Consumption of fixed capital ................... Equals: Net structures.......................................
Federal.............................................. National defense ........................... Nondefense ..................................
State and local .................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software ................
Federal.............................................. National defense ........................... Nondefense ..................................
State and local .................................. Addenda:
Gross domestic fixed investment ...................... Less: Consumption of fixed capital ................... Equals: Net domestic fixed investment .............
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43
44 45 46
1,892.9 1,287.6
605.0 1,557.1 1,080.1
477.1 1,544.6 1,080.1
464.5 1,071.5
908.6 162.9 253.8 178.8
75.0 820.2 730.4
89.8 469.9 171.5 298.4
12.5 335.5 207.5 128.0
1.1 –3.4 4.5
127.0 207.0
93.0 114.0
–3.0 –4.8 1.8
117.0 128.6 114.6
14.0 4.1 1.4 2.7 9.8
1,880.3 1,287.6
592.5
1,956.2 1,320.4
635.6 1,613.1 1,108.0
505.1 1,596.9 1,108.0
488.9 1,081.8
931.7 150.1 243.5 180.5 62.9
843.1 752.2 90.8
509.4 176.3 333.1 14.3
342.9 212.4 130.5
5.8 1.1 4.7
125.1 208.8 95.1
113.8 –2.2 –4.0
1.8 116.0 134.5 117.4 17.0
8.0 5.2 2.8 8.9
1,940.0 1,320.4
619.3
2,115.4 1,385.0
730.2 1,770.6 1,167.4
603.3 1,713.9 1,167.4
546.5 1,145.8
969.9 175.9 248.7 188.2
60.5 904.2 782.7 121.5 559.9 195.8 364.1
53.4 344.7 217.8 127.0
10.5 5.9 4.6
117.4 202.4
97.0 105.3
–3.5 –4.4
0.9 108.8 144.1 120.9
23.2 14.2 10.5
3.7 8.7
2,058.7 1,385.0
673.5
2,214.4 1,496.6
717.7 1,866.3 1,270.1
596.2 1,842.0 1,270.1
571.9 1,223.8 1,017.9
205.9 251.5 197.7
53.8 984.9 821.2 163.7 608.0 243.9 364.1
19.6 348.5 227.0 121.5
14.5 8.1 6.5
108.6 198.4 101.7
96.6 –3.7 –4.4 0.8
100.3 153.4 125.3
28.1 18.6 12.7 5.9 9.1
2,190.2 1,496.6
693.4
1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; change in inventories is included in government consumption expenditures.
NOTE. Most chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Chained (2000) dollar estimates of net investment are calculated by subtracting consumption of fixed capital from gross investment.
August 2006 SURVEY OF CURRENT BUSINESS 121
Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type [Percent]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private fixed investment ............................. Nonresidential .....................................................
Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells............. Other structures 1..........................................
Equipment and software................................. Information processing equipment and
software..................................................... Computers and peripheral equipment....... Software 2 ................................................. Other 3 ......................................................
Industrial equipment...................................... Transportation equipment.............................. Other equipment 4.........................................
Residential ........................................................... Structures ........................................................
Permanent site .............................................. Single family .............................................. Multifamily .................................................
Other structures 5.......................................... Equipment ........................................................
Addenda: Private fixed investment in structures ................ Private fixed investment in equipment and
software......................................................... Private fixed investment in new structures 6......
Nonresidential structures .............................. Residential structures....................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23
24
25 26 27 28
–5.2 –9.2
–17.1 –15.7 –41.6
–2.4 –23.3 –16.0
–6.2
–4.7 4.8
–2.4 –11.3
–7.7 –11.8
–3.1 4.8 4.8 4.0 3.9 5.3 6.0 3.7
–4.3
–6.1 –4.9
–16.1 4.1
3.4 1.0
–4.1 –6.6 –7.3
–12.9 18.1 –4.5
2.8
5.8 13.0 4.5 3.8 2.9
–9.7 6.0 8.4 8.4 9.8
10.7 2.6 6.4 5.9
4.0
2.8 3.2
–4.0 7.9
7.3 5.9 2.2 2.6 5.1
–12.6 13.2 3.1 7.3
10.1 14.2 10.0
8.1 –4.1 13.2
5.6 9.9 9.9
11.5 11.9
7.8 7.4
10.8
7.4
7.3 6.4 2.0 8.8
7.5 6.8 1.1
–0.8 21.1 –6.7 11.0 –5.2
8.9
8.5 17.9 5.8 7.2 8.1
12.9 7.0 8.6 8.6
10.6 10.3 14.1
5.3 5.0
6.3
8.9 6.1 1.0 8.9
–1.4 –5.0 –5.3
–10.8 –8.6
6.2 –0.4 –5.0 –4.9
–9.5 –4.8
–10.4 –10.9
0.6 –2.0
1.5 6.4 6.5 4.6 5.9
–5.0 9.5 1.0
2.2
–4.8 0.5
–5.0 4.0
–0.4 –2.6 –6.9
–14.6 –13.3
5.4 19.0
–15.0 –1.0
8.4 19.1 4.1 8.3
13.2 –40.8
3.3 4.1 4.2 8.3 8.1
10.2 –2.0
1.3
0.3
–1.0 0.6
–7.1 5.5
10.6 10.7 14.7
5.0 42.9
–17.7 63.9 27.0
9.3
3.5 –0.2 3.3 5.6
10.6 34.2
6.5 10.5 10.4
6.8 8.0
–2.3 16.2 15.6
11.9
9.4 9.6
14.4 6.8
13.6 9.4
–0.8 10.1 5.8
–23.9 4.3
–6.5 13.2
23.8 44.5 22.2 16.5
–10.1 0.6
22.7 22.2 22.2 23.0 24.0 14.5 21.1 18.1
14.0
13.2 10.8 –1.1 18.3
5.5 2.8
–4.7 3.3
–4.8 –14.7 –13.1 –5.0
5.6
20.0 33.4 13.1 21.2
–16.4 –10.7
5.4 10.6 10.6 22.9 26.5 –5.5 –6.5
9.4
5.5
5.6 8.3
–4.9 16.4
2.2 1.7 3.3
–6.3 –5.4
7.7 34.9 –0.2
1.2
7.9 –4.0 11.4 10.4 –6.5 –6.2 –3.2
3.1 3.0 2.2 1.6 8.2 4.1
10.2
3.1
1.3 2.2 3.1 1.8
11.7 7.2 6.9
18.6 –9.8
–43.0 23.4 22.7
7.3
1.1 –4.9 1.8 3.3
–3.7 50.5
5.0 19.8 19.9 16.1 16.2 15.7 26.4
7.5
15.7
7.3 9.8 6.7
11.4
7.6 10.3
3.1 –1.1 23.6 14.9
1.3 0.6
13.0
5.8 35.5 7.8
–8.2 17.4 38.9
8.7 3.2 3.1 6.9 5.6
20.9 –3.0 11.3
3.1
13.0 4.8 2.8 5.8
4.9 8.3
–2.0 –14.3 72.5 19.2 –0.1 –7.8 12.3
9.4 27.0 10.4
0.2 4.1
37.0 6.3
–0.6 –0.7 –1.8 –1.9 –1.1
1.1 8.1
–1.1
12.2 –0.7 –2.1
0.0
7.8 6.0 5.3 7.1
19.9 –8.3 21.1 –6.4
6.3
12.5 14.5
2.0 24.7 13.4
–10.4 0.7
11.1 11.2 17.9 17.1 25.5
0.9 –0.5
9.4
6.2 11.3
5.2 14.6
10.5 5.2
–2.0 –1.5 –6.3
–16.1 24.4
–16.0 7.9
8.1 15.2 8.1 4.7
–5.7 9.4
20.4 20.0 20.2 17.1 18.0 9.3
25.6 5.0
12.8
7.9 7.7
–2.1 13.2
6.3 5.9
–7.0 –3.7 17.8
–25.2 –9.0 –6.8 11.0
7.3 8.6 4.6 9.9
20.1 23.0 2.0 7.1 7.1
10.6 9.8
17.9 1.5 2.1
2.6
10.9 3.2
–7.1 8.8
2.8 5.2
12.0 3.2
32.0 12.4 22.4 11.1 2.8
7.0 27.1 2.8 3.0
16.2 –21.8
6.6 –0.9 –1.1 5.6 4.8
12.5 –11.6
9.9
2.8
2.9 7.9
11.9 5.9
8.2 13.7 8.7 7.1
–1.7 14.3 2.0
23.6 15.6
21.8 24.9 12.2 31.6 –3.6 27.7 8.5
–0.3 –0.5 0.8
–1.8 25.7 –2.7 13.6
2.4
15.6 3.9 8.6 1.5
–0.7 2.7
12.7 1.8
50.4 –14.8
29.2 19.5 –1.0
–2.3 5.7 2.4
–10.6 15.6
–21.6 10.1 –6.3 –6.4
–11.7 –13.6
5.6 3.8
–2.7
–0.5
–1.0 –0.9 12.7 –7.8
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
122 Saving and Investment August 2006
Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Percent change at annual rate: Private fixed investment .............................
Percentage points at annual rates: Nonresidential......................................................
Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells ............. Other structures 1 ..........................................
Equipment and software................................. Information processing equipment and
software..................................................... Computers and peripheral equipment ....... Software 2 ................................................. Other 3.......................................................
Industrial equipment ...................................... Transportation equipment.............................. Other equipment 4 .........................................
Residential ........................................................... Structures ........................................................
Permanent site .............................................. Single family .............................................. Multifamily..................................................
Other structures 5 .......................................... Equipment ........................................................
Addenda: Private fixed investment in structures ................ Private fixed investment in equipment and
software ......................................................... Private fixed investment in new structures 6......
Nonresidential structures............................... Residential structures....................................
1
2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23
24
25 26 27 28
–5.2
–6.58 –3.41 –1.30 –0.76 –0.07 –0.61 –0.68 –3.16
–1.22 0.23
–0.25 –1.20 –0.68 –1.02 –0.24
1.37 1.36 0.69 0.59 0.10 0.67 0.02
–2.06
–3.15 –2.16 –3.18
1.02
3.4
0.65 –0.73 –0.49 –0.08 –0.41 0.42
–0.17 1.38
1.44 0.60 0.47 0.36 0.25
–0.79 0.48 2.74 2.71 1.90 1.84 0.06 0.81 0.03
1.98
1.41 1.47
–0.73 2.20
7.3
3.82 0.37 0.18 0.05
–0.35 0.37 0.11 3.45
2.40 0.63 1.01 0.75
–0.35 0.96 0.45 3.51 3.46 2.46 2.29 0.17 1.00 0.05
3.82
3.50 3.00 0.33 2.67
7.5
4.28 0.19
–0.06 0.22
–0.15 0.36
–0.18 4.09
1.95 0.75 0.57 0.63 0.62 0.98 0.55 3.19 3.17 2.44 2.12 0.31 0.74 0.02
3.36
4.11 2.98 0.18 2.81
–1.4
–3.44 –0.93 –0.82 –0.09 0.18
–0.01 –0.19 –2.52
–2.55 –0.24 –1.16 –1.15 0.06
–0.14 0.12 2.06 2.05 0.89 0.99
–0.11 1.17 0.00
1.13
–2.51 0.25
–0.87 1.12
–0.4
–1.70 –1.28 –1.13 –0.15
0.17 0.43
–0.60 –0.43
2.05 0.81 0.42 0.83 1.12
–3.86 0.27 1.31 1.30 1.57 1.36 0.20
–0.26 0.01
0.02
–0.42 0.19
–1.30 1.49
10.6
7.07 2.47 0.34 0.38
–0.56 1.40 0.90 4.61
0.93 –0.02 0.36 0.59 0.95 2.19 0.53 3.56 3.48 1.42 1.47
–0.05 2.07 0.07
5.95
4.68 4.43 2.42 2.01
13.6
6.29 –0.14 0.66 0.06
–0.74 0.12
–0.24 6.43
5.55 1.79 2.18 1.57
–0.91 0.04 1.75 7.35 7.26 4.53 4.23 0.30 2.73 0.08
7.12
6.51 5.04
–0.18 5.22
5.5
1.91 –0.80
0.22 –0.05 –0.40 –0.39 –0.18
2.71
4.60 1.40 1.30 1.90
–1.48 –0.84
0.43 3.64 3.59 4.49 4.61
–0.12 –0.90
0.04
2.79
2.75 3.79
–0.84 4.63
2.2
1.16 0.53
–0.43 –0.05
0.17 0.85
–0.01 0.63
1.98 –0.17 1.13 1.02
–0.56 –0.52 –0.27
1.08 1.03 0.49 0.32 0.17 0.54 0.05
1.56
0.68 1.03 0.49 0.54
11.7
4.68 1.15 1.18
–0.10 –1.30 0.64 0.73 3.53
0.33 –0.21 0.19 0.36
–0.29 3.10 0.40 7.00 6.96 3.58 3.25 0.33 3.38 0.04
8.11
3.57 4.70 1.12 3.58
7.6
6.42 0.51
–0.07 0.21 0.31 0.04 0.02 5.92
1.41 1.38 0.76
–0.74 1.24 2.60 0.67 1.22 1.17 1.58 1.15 0.43
–0.42 0.05
1.67
5.97 2.28 0.47 1.80
4.9
5.18 –0.34 –1.03 0.58 0.40 0.00
–0.28 5.51
2.14 1.11 1.01 0.03 0.31 2.59 0.48
–0.24 –0.27 –0.42 –0.39 –0.02 0.14 0.04
–0.61
5.55 –0.35 –0.35 0.00
7.8
3.79 0.90 0.46 0.21
–0.19 0.64
–0.22 2.89
2.74 0.62 0.19 1.94 0.99
–0.89 0.05 4.06 4.06 3.94 3.41 0.54 0.12 0.00
4.96
2.89 5.35 0.88 4.47
10.5
3.29 –0.34 –0.10 –0.08 –0.38
0.78 –0.57
3.62
1.82 0.63 0.78 0.41
–0.44 0.73 1.51 7.19 7.17 3.87 3.66 0.22 3.29 0.02
6.83
3.65 3.81
–0.34 4.15
6.3
3.65 –1.19 –0.25 0.19
–0.57 –0.34 –0.22 4.84
1.60 0.35 0.44 0.82 1.41 1.67 0.16 2.68 2.67 2.46 2.06 0.40 0.21 0.01
1.49
4.85 1.61
–1.19 2.79
2.8
3.19 1.92 0.21 0.34 0.23 0.81 0.33 1.27
1.50 0.98 0.26 0.25 1.16
–1.89 0.50
–0.36 –0.40
1.30 1.02 0.29
–1.70 0.04
1.52
1.31 3.76 1.90 1.87
8.2
8.30 1.50 0.46
–0.02 0.27 0.09 0.71 6.80
4.52 0.94 1.12 2.46
–0.28 1.90 0.66
–0.11 –0.17
0.19 –0.39
0.58 –0.36
0.06
1.33
6.86 1.98 1.48 0.50
–0.7
1.70 2.15 0.12 0.54
–0.31 1.20 0.60
–0.45
–0.52 0.22 0.22
–0.97 1.11
–1.80 0.76
–2.41 –2.40 –2.90 –3.04 0.14 0.50
–0.01
–0.26
–0.46 –0.46 2.13
–2.59
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
August 2006 SURVEY OF CURRENT BUSINESS 123
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes [Index numbers, 2000=100]
Line 2002 2003 2004 2005
Seasonally adjusted
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private fixed investment ............ Nonresidential ....................................
Structures ....................................... Commercial and health care ........ Manufacturing............................... Power and communication ........... Mining exploration, shafts, and
wells ......................................... Other structures 1.........................
Equipment and software................ Information processing equipment
and software............................. Computers and peripheral
equipment ............................ Software 2 ................................ Other 3 .....................................
Industrial equipment..................... Transportation equipment............. Other equipment 4........................
Residential .......................................... Structures .......................................
Permanent site ............................. Single family ............................. Multifamily ................................
Other structures 5......................... Equipment .......................................
Addenda: Private fixed investment in structures Private fixed investment in
equipment and software ............... Private fixed investment in new
structures 6................................... Nonresidential structures ............. Residential structures...................
1 2 3 4 5 6
7 8 9
10
11 12 13 14 15 16 17 18 19 20 21 22 23
24
25
26 27 28
91.997 86.969 81.029 79.824 52.375
100.586
90.329 80.039 89.265
93.534
107.324 96.311 84.755 84.493 78.347 93.702
105.149 105.165 104.637 104.025 109.838 105.974 104.111
95.037
89.386
93.916 81.231
104.368
95.110 87.804 77.735 74.557 48.527 87.652
106.674 76.469 91.747
98.952
121.306 100.622
87.938 86.920 70.747 99.358
113.977 114.034 114.874 115.115 112.735 112.732 110.257
98.794
91.898
96.935 77.944
112.598
102.080 92.995 79.418 76.507 50.993 76.571
120.793 78.836 98.400
108.905
138.489 110.703
95.076 83.354 80.063
104.902 125.281 125.330 128.052 128.786 121.575 121.081 122.148
106.071
98.593
103.100 79.472
122.551
109.708 99.326 80.302 75.875 61.759 71.479
134.078 74.770
107.180
118.169
163.269 117.072 101.880 90.147 90.382
112.290 136.050 136.160 141.681 142.013 138.770 127.527 128.239
112.707
107.352
109.439 80.287
133.472
91.593 85.584 77.438 75.781 46.810 93.606
93.306 77.018 88.739
92.654
108.699 95.756 82.657 84.719 76.774 94.586
107.242 107.291 106.868 106.613 109.022 107.938 104.082
94.746
88.864
93.424 77.745
106.375
91.502 85.023 76.061 72.846 45.169 94.836
97.450 73.950 88.514
94.546
113.550 96.719 84.318 87.380 67.346 95.348
108.329 108.388 109.024 108.709 111.710 107.402 104.429
94.810
88.643
93.573 76.336
107.801
93.842 87.208 78.719 73.732 49.382 90.338
110.264 78.509 90.506
95.369
113.491 97.515 85.467 89.605 72.480 96.853
111.060 111.103 110.841 110.812 111.070 111.512 108.278
97.503
90.651
95.737 78.951
109.589
96.889 89.179 78.552 75.521 50.082 84.364
111.419 77.200 93.348
100.605
124.441 102.520
88.796 87.257 72.593
101.938 116.766 116.825 116.725 116.934 114.885 116.979 112.884
100.758
93.507
98.222 78.741
114.288
98.206 89.806 77.607 76.130 49.476 81.071
107.563 76.218 94.622
105.289
133.742 105.735
93.170 83.438 70.571
103.292 119.753 119.818 122.906 124.006 113.274 115.034 115.439
102.104
94.791
100.208 77.749
118.714
98.751 90.192 78.238 74.901 48.800 82.589
115.921 76.178 94.900
107.307
132.394 108.621
95.495 82.047 69.452
102.455 120.656 120.694 123.581 124.496 115.521 116.203 118.282
102.874
95.090
100.757 78.339
119.231
101.515 91.773 79.548 78.164 47.557 71.768
122.167 80.176 96.590
107.595
130.744 109.094
96.277 81.282 76.925
103.716 126.221 126.304 128.292 129.250 119.822 123.224 120.443
106.694
96.784
103.140 79.620
122.506
103.401 94.056 80.148 77.952 50.147 74.298
122.563 80.304 99.591
109.122
141.064 111.152 94.247 84.611 83.518
105.903 127.224 127.278 130.462 131.009 125.648 122.289 123.714
107.512
99.787
104.345 80.180
124.231
104.655 95.960 79.737 75.010 57.467 77.630
122.522 78.686
102.519
111.596
149.754 113.946 94.284 85.475 90.356
107.535 127.022 127.042 129.872 130.389 125.309 122.610 126.152
107.205
102.711
104.157 79.749
124.234
106.650 97.370 80.773 76.300 60.139 75.966
128.536 77.401
104.092
114.925
154.896 114.508 99.624 88.204 87.905
107.710 130.406 130.472 135.320 135.627 132.641 122.874 125.986
109.631
104.270
106.982 80.770
128.546
109.339 98.601 80.356 76.016 59.169 72.711
135.746 74.105
106.087
117.177
160.465 116.769 100.775
86.922 89.909
112.828 136.476 136.600 140.756 141.342 135.614 130.080 127.522
112.983
106.262
108.985 80.347
132.580
111.032 100.025
78.903 75.296 61.647 67.615
132.582 72.821
108.889
119.268
163.804 118.092 103.171
90.994 94.682
113.399 138.821 138.967 144.340 144.686 141.299 130.562 128.186
113.715
109.046
109.841 78.891
135.406
111.811 101.308
81.174 75.888 66.082 69.626
139.450 74.755
109.653
121.307
173.913 118.920 103.947
94.468 89.030
115.224 138.495 138.599 146.307 146.396 145.525 126.591 131.261
114.497
109.829
111.947 81.141
137.357
114.033 104.606
82.893 77.193 65.797 71.989
140.128 78.828
113.704
127.437
183.839 122.383 111.339
93.602 94.635
117.597 138.391 138.440 146.598 145.741 154.078 125.738 135.523
115.170
113.882
113.031 82.832
137.880
113.828 105.313
85.417 77.539 72.869 69.168
149.405 82.414
113.421
126.686
186.415 123.110 108.273
97.058 89.048
120.465 136.149 136.181 142.109 140.495 156.208 126.922 134.612
115.033
113.593
112.766 85.338
135.101
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
124 Saving and Investment August 2006
Table 5.3.4. Price Indexes for Private Fixed Investment by Type [Index numbers, 2000=100]
Line 2002 2003 2004 2005
Seasonally adjusted
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private fixed investment ............ Nonresidential.....................................
Structures ....................................... Commercial and health care ........ Manufacturing............................... Power and communication ........... Mining exploration, shafts, and
wells ......................................... Other structures 1 .........................
Equipment and software................ Information processing equipment
and software............................. Computers and peripheral
equipment............................. Software 2 ................................ Other 3......................................
Industrial equipment ..................... Transportation equipment............. Other equipment 4 ........................
Residential .......................................... Structures .......................................
Permanent site ............................. Single family ............................. Multifamily.................................
Other structures 5 ......................... Equipment .......................................
Addenda: Private fixed investment in structures Private fixed investment in
equipment and software ............... Private fixed investment in new
structures 6................................... Nonresidential structures.............. Residential structures...................
1 2 3 4 5 6
7 8 9
10
11 12 13 14 15 16 17 18 19 20 21 22 23
24
25
26 27 28
101.660 99.513
110.030 106.346 106.635 105.224
145.169 106.467
95.956
91.313
70.950 98.792 95.953
100.852 100.236 102.244 107.240 107.369 107.753 107.945 106.163 106.786
99.558
108.410
95.987
108.399 110.062 107.175
103.313 99.591
113.872 109.357 108.466 107.731
157.775 109.341
94.912
87.889
63.234 96.705 94.227
101.652 103.988 103.151 112.372 112.629 113.538 113.939 110.228 111.248
96.799
113.193
94.926
113.189 113.924 112.509
106.811 100.834 120.951 116.235 113.985 116.231
167.286 115.251 94.503
84.741
58.599 94.503 91.294
104.249 109.923 103.914 120.618 121.052 123.013 123.810 116.268 118.016 94.223
121.199
94.496
121.579 121.057 121.561
110.542 103.428 134.647 127.001 122.924 123.233
209.732 123.118 94.134
82.218
51.407 94.067 90.492
108.064 108.882 108.174 126.714 127.205 128.285 128.918 122.984 125.627 96.852
129.651
94.156
130.078 134.842 127.366
102.279 99.645
111.988 107.617 107.841 106.127
154.353 107.528
95.534
90.140
67.736 98.368 95.428
101.120 100.953 102.609 108.960 109.121 109.717 109.878 108.121 108.221
99.262
110.245
95.565
110.248 112.030 108.932
103.067 99.664
113.295 109.121 108.862 106.665
156.015 108.966
95.173
89.021
65.254 97.485 95.053
101.440 101.896 102.952 111.434 111.653 112.846 113.050 110.734 109.838
98.194
112.352
95.197
112.478 113.344 111.716
102.865 99.341
113.239 108.887 108.173 107.235
155.855 108.903
94.774
88.505
63.763 97.461 94.733
101.528 100.650 103.163 111.496 111.741 112.549 112.825 109.772 110.515
96.732
112.385
94.789
112.367 113.288 111.586
103.207 99.509
113.894 109.088 107.988 108.024
158.965 109.171 94.799
87.637
62.542 96.650 94.092
101.700 103.862 103.272 112.225 112.485 113.116 113.490 109.487 111.530 96.532
113.097
94.812
112.988 113.946 112.192
104.111 99.849
115.058 110.332 108.882 109.001
160.266 110.324 94.902
86.394
61.376 95.225 93.031
101.939 109.542 103.218 114.331 114.639 115.643 116.139 110.926 113.108 95.736
114.936
94.906
114.923 115.119 114.542
105.204 100.094 116.948 112.349 110.585 110.902
162.070 112.137 94.679
85.689
60.509 94.902 92.071
102.987 109.988 102.819 117.212 117.575 119.263 119.920 113.207 114.960 95.148
117.552
94.680
117.749 117.026 117.844
106.386 100.621 119.166 114.696 112.542 115.086
162.485 114.087
94.724
85.087
59.519 94.629 91.420
103.792 110.636 103.908 119.753 120.166 122.214 122.973 115.288 116.988
94.628
120.032
94.719
120.424 119.260 120.746
107.334 100.982 122.093 117.468 114.864 118.237
167.500 116.308
94.366
84.557
57.944 94.672 91.083
104.590 109.132 104.081 121.912 122.376 124.551 125.354 117.284 119.003
93.651
122.469
94.355
122.953 122.206 123.049
108.321 101.639 125.599 120.427 117.301 120.698
177.087 118.471
94.244
83.628
56.421 93.810 90.602
105.627 109.938 104.849 123.596 124.091 126.024 126.801 119.010 121.113
93.465
124.742
94.233
125.192 125.736 124.608
109.153 102.539 129.084 122.917 119.299 121.767
190.542 120.073 94.450
83.157
54.296 94.053 90.748
106.867 110.000 106.797 124.298 124.766 126.196 126.866 120.086 122.607 95.813
126.283
94.459
126.704 129.243 125.089
109.875 103.055 131.941 125.455 121.424 122.838
198.516 121.865 94.347
82.538
52.291 94.193 90.508
108.043 109.245 108.058 125.450 125.920 127.133 127.728 121.675 124.120 96.870
127.952
94.367
128.404 132.119 126.195
110.946 103.607 136.089 128.421 123.944 123.340
213.626 124.092
93.983
81.863
50.407 94.012 90.369
108.373 108.351 108.742 127.573 128.069 128.944 129.493 123.881 126.832
97.378
130.690
94.012
131.059 136.290 128.109
112.194 104.510 141.476 131.210 126.615 124.987
236.244 126.442
93.754
81.313
48.634 94.009 90.343
108.973 107.933 109.100 129.536 130.063 130.869 131.398 125.973 128.948
97.347
133.679
93.785
134.145 141.714 130.072
113.238 105.471 145.684 133.482 129.037 126.637
252.697 128.550
93.887
80.940
47.125 94.430 90.186
109.659 108.867 109.841 130.765 131.293 132.247 132.782 127.300 129.920
98.518
135.796
93.928
136.448 145.953 131.433
113.968 106.236 149.431 135.519 130.991 128.149
267.627 130.182
93.889
80.718
45.521 94.956 90.453
110.554 109.105 109.600 131.430 131.966 132.753 133.290 127.787 130.885
98.710
137.406
93.931
138.221 149.725 132.204
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
August 2006 SURVEY OF CURRENT BUSINESS 125
Table 5.3.5. Private Fixed Investment by Type [Billions of dollars]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private fixed investment ............................. Nonresidential .....................................................
Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells............. Other structures 1..........................................
Equipment and software................................. Information processing equipment and
software..................................................... Computers and peripheral equipment....... Software 2 ................................................. Other 3 ......................................................
Industrial equipment...................................... Transportation equipment.............................. Other equipment 4.........................................
Residential ........................................................... Structures ........................................................
Permanent site .............................................. Single family .............................................. Multifamily .................................................
Other structures 5.......................................... Equipment ........................................................
Addenda: Private fixed investment in structures ................ Private fixed investment in equipment and
software......................................................... Private fixed investment in new structures 6......
Nonresidential structures .............................. Residential structures....................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23
24
25 26 27 28
1,570.2 1,066.3
279.2 116.8 17.8 49.5 35.6 59.5
787.1
399.4 77.2
167.6 154.5 135.7 126.3 125.7 503.9 496.3 298.8 265.9
33.0 197.5
7.6
775.5
794.7 709.7 279.1 430.7
1,649.8 1,077.4
277.2 112.2 16.7 44.2 45.7 58.4
800.2
406.7 77.8
171.4 157.5 140.7 118.3 134.5 572.4 564.5 345.7 310.6
35.1 218.8
7.9
841.8
808.0 764.9 277.2 487.7
1,830.6 1,155.3
300.8 122.3 18.5 41.7 54.9 63.5
854.5
431.6 82.3
184.3 164.9 138.4 141.6 143.0 675.3 666.8 417.5 377.6 39.9
249.3 8.5
967.7
863.0 873.9 300.3 573.6
2,036.2 1,265.7
338.6 132.5 24.1 41.2 76.4 64.3
927.1
454.3 85.1
194.0 175.2 155.1 158.3 159.4 770.4 761.3 481.7 433.5 48.2
279.6 9.1
1,099.9
936.2 992.4 337.9 654.5
1,572.8 1,050.7
271.7 112.2 16.1 46.5 39.1 57.9
779.0
390.6 74.8
166.0 149.9 136.4 124.7 127.3 522.1 514.5 310.7 277.4
33.3 203.8
7.6
786.2
786.6 718.0 272.0 446.0
1,583.3 1,044.0
269.9 109.3 15.6 47.4 41.3 56.3
774.1
393.8 75.3
166.1 152.4 141.1 110.4 128.8 539.3 531.8 326.0 291.0
35.0 205.8
7.5
801.7
781.6 733.6 270.1 463.5
1,620.6 1,067.4
279.2 110.4 17.0 45.4 46.7 59.7
788.2
394.9 73.5
167.5 153.9 144.9 117.3 131.1 553.2 545.5 330.5 296.0
34.5 215.0
7.7
824.7
795.9 749.8 279.2 470.6
1,678.7 1,093.3
280.2 113.3 17.2 42.7 48.1 58.9
813.2
412.5 79.1
174.6 158.8 141.3 121.3 138.1 585.4 577.4 349.8 314.2
35.5 227.6
8.0
857.5
821.2 773.5 280.0 493.5
1,716.4 1,104.8
279.6 115.5 17.1 41.4 46.8 58.7
825.2
425.5 83.4
177.4 164.7 135.4 124.3 139.9 611.6 603.5 376.5 341.0 35.5
227.0 8.1
883.1
833.3 802.6 279.3 523.3
1,743.9 1,112.1
286.5 115.7 17.2 42.9 51.0 59.7
825.6
430.0 81.4
181.6 167.0 134.5 122.9 138.2 631.8 623.5 390.5 353.5 37.0
233.0 8.3
910.0
833.9 826.9 286.1 540.8
1,812.8 1,137.6
296.8 123.3
17.0 38.7 53.9 63.9
840.8
428.1 79.0
181.9 167.2 134.3 136.9 141.4 675.2 666.9 415.4 376.4
39.0 251.5
8.4
963.7
849.1 865.6 296.3 569.3
1,862.9 1,170.0
306.4 126.0
18.3 41.2 55.7 65.2
863.6
431.5 83.0
185.4 163.1 140.9 146.6 144.6 692.9 684.4 430.5 388.9
41.6 253.9
8.5
990.8
872.2 894.1 305.8 588.3
1,902.9 1,201.5
313.6 124.3
21.4 43.9 58.9 65.1
887.9
436.5 85.9
188.3 162.3 143.7 159.8 147.9 701.4 692.7 433.6 391.5
42.1 259.0
8.7
1,006.3
896.6 908.8 313.0 595.8
1,954.1 1,230.0
326.5 129.0 22.8 43.3 66.4 64.9
903.5
447.0 85.4
189.7 171.8 150.1 155.5 150.9 724.1 715.3 452.4 407.4 45.0
262.8 8.9
1,041.8
912.4 944.7 325.8 618.9
2,016.7 1,251.8
332.0 131.2 22.8 41.8 73.1 63.1
919.8
452.3 85.3
193.8 173.3 149.5 158.0 159.9 764.9 755.8 474.1 427.5 46.6
281.7 9.1
1,087.8
928.9 975.3 331.3 643.9
2,067.9 1,276.7
336.3 133.0
24.3 39.0 76.8 63.1
940.4
456.6 83.9
195.6 177.2 157.0 165.0 161.8 791.2 782.0 493.1 443.6
49.5 288.9
9.2
1,118.3
949.6 1,003.2
335.6 667.6
2,105.8 1,304.3
359.7 137.0
26.6 40.7 89.3 66.1
944.7
461.3 85.9
196.9 178.4 163.9 154.6 164.9 801.5 792.1 507.3 455.5
51.8 284.8
9.4
1,151.8
954.1 1,046.5
358.9 687.6
2,167.7 1,359.2
378.2 141.7
27.0 42.7 96.0 70.8
981.0
482.4 88.0
203.6 190.8 163.4 165.7 169.4 808.5 798.7 513.7 458.2
55.4 285.0
9.8
1,176.9
990.8 1,074.8
377.4 697.4
2,177.7 1,378.3
399.8 144.6
30.4 41.5
108.4 75.0
978.5
478.2 86.2
205.9 186.1 170.8 156.3 173.2 799.4 789.7 499.8 443.4
56.4 289.8
9.8
1,189.4
988.3 1,086.2
398.8 687.4
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
126 Saving and Investment August 2006
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars [Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private fixed investment ............................. Nonresidential......................................................
Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells ............. Other structures 1 ..........................................
Equipment and software................................. Information processing equipment and
software..................................................... Computers and peripheral equipment 2 .... Software 3 ................................................. Other 4.......................................................
Industrial equipment ...................................... Transportation equipment.............................. Other equipment 5 .........................................
Residential ........................................................... Structures ........................................................
Permanent site .............................................. Single family .............................................. Multifamily..................................................
Other structures 6 .......................................... Equipment ........................................................
Residual................................................................. Addenda:
Private fixed investment in structures ................ Private fixed investment in equipment and
software ......................................................... Private fixed investment in new structures 7......
Nonresidential structures............................... Residential structures....................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
25
26 27 28 29
1,544.6 1,071.5
253.8 109.8
16.7 47.1 24.5 55.9
820.2
437.4 ...........
169.7 161.1 134.5 126.0 122.9 469.9 462.2 277.3 246.3
31.0 184.9
7.7 –2.4
715.4
827.9 654.7 253.6 401.8
1,596.9 1,081.8
243.5 102.6
15.4 41.0 29.0 53.4
843.1
462.7 ............
177.3 167.1 138.4 113.8 130.4 509.4 501.2 304.5 272.6
31.9 196.7
8.1 –3.9
743.6
851.2 675.8 243.3 433.5
1,713.9 1,145.8
248.7 105.2 16.2 35.8 32.8 55.1
904.2
509.3 ...........
195.0 180.7 132.7 128.8 137.6 559.9 550.9 339.4 305.0 34.4
211.3 9.0
–6.2
798.4
913.2 718.8 248.1 471.8
1,842.0 1,223.8
251.5 104.4 19.6 33.5 36.4 52.2
984.9
552.6 ...........
206.2 193.6 143.5 145.4 147.3 608.0 598.5 375.5 336.3 39.2
222.5 9.4
–13.1
848.4
994.3 762.9 250.6 513.9
1,537.8 1,054.5
242.5 104.2
14.9 43.8 25.4 53.8
815.4
433.3 ............
168.7 157.1 134.9 123.5 124.1 479.3 471.6 283.3 252.4
30.8 188.3
7.7 –2.1
713.2
823.1 651.3 242.7 409.5
1,536.3 1,047.5
238.2 100.2
14.4 44.4 26.5 51.7
813.3
442.1 ...........
170.4 160.2 139.1 108.3 125.1 484.1 476.4 289.0 257.4
31.6 187.4
7.7 –3.3
713.7
821.1 652.3 238.3 415.0
1,575.6 1,074.5
246.5 101.4
15.7 42.3 30.0 54.8
831.7
446.0 ............
171.8 162.4 142.7 116.6 127.1 496.3 488.3 293.8 262.4
31.4 194.6
8.0 –0.7
733.9
839.7 667.4 246.4 421.9
1,626.7 1,098.8
246.0 103.9
15.9 39.5 30.3 53.9
857.8
470.4 ...........
180.6 168.7 138.9 116.8 133.8 521.8 513.5 309.4 276.9
32.5 204.1
8.3 –3.6
758.4
866.1 684.7 245.8 440.0
1,648.9 1,106.5
243.1 104.7 15.7 37.9 29.2 53.2
869.5
492.4 ............
186.3 177.0 132.8 113.5 135.5 535.2 526.7 325.8 293.6 32.0
200.7 8.5
–7.4
768.6
878.0 698.6 242.7 457.1
1,658.0 1,111.2
245.0 103.0 15.5 38.7 31.5 53.2
872.0
501.8 ...........
191.3 181.5 130.6 111.7 134.4 539.2 530.5 327.5 294.8 32.6
202.8 8.7
–6.6
774.4
880.8 702.4 244.5 459.0
1,704.4 1,130.7
249.1 107.5
15.1 33.6 33.2 56.0
887.6
503.1 ...........
192.2 182.9 129.4 123.7 136.1 564.1 555.2 340.0 306.0
33.9 215.0
8.9 –1.7
803.1
896.5 719.0 248.5 471.6
1,736.1 1,158.8
251.0 107.2
15.9 34.8 33.3 56.1
915.1
510.3 ...........
195.8 179.1 134.7 134.3 139.0 568.6 559.4 345.8 310.2
35.5 213.4
9.1 –5.4
809.3
924.3 727.4 250.3 478.3
1,757.1 1,182.3
249.7 103.2
18.3 36.3 33.3 55.0
942.0
521.8 ...........
200.7 179.2 136.1 145.3 141.1 567.7 558.4 344.2 308.7
35.4 214.0
9.3 –10.7
807.0
951.4 726.1 248.9 478.3
1,790.6 1,199.7
253.0 105.0 19.1 35.6 34.9 54.1
956.5
537.4 ............
201.7 189.3 140.4 141.4 141.3 582.8 573.5 358.7 321.1 37.5
214.4 9.3
–11.6
825.2
965.8 745.8 252.1 494.9
1,835.8 1,214.8
251.7 104.6 18.8 34.0 36.9 51.8
974.8
547.9 ...........
205.7 191.5 138.4 144.6 148.0 609.9 600.4 373.1 334.7 38.3
227.0 9.4
–10.7
850.5
984.3 759.8 250.8 510.4
1,864.2 1,232.4
247.1 103.6
19.6 31.6 36.0 50.9
1,000.6
557.7 ............
208.0 196.0 144.9 152.3 148.8 620.4 610.8 382.6 342.6
39.9 227.8
9.4 –13.4
856.0
1,010.0 765.7 246.2 521.3
1,877.3 1,248.2
254.2 104.4
21.0 32.6 37.9 52.2
1,007.6
567.3 ...........
209.5 197.5 150.4 143.2 151.2 618.9 609.2 387.8 346.6
41.1 220.9
9.7 –17.3
861.9
1,017.3 780.4 253.3 528.8
1,914.6 1,288.8
259.6 106.2
20.9 33.7 38.1 55.1
1,044.8
595.9 ...........
215.6 211.6 149.0 152.2 154.3 618.5 608.5 388.6 345.1
43.5 219.4
10.0 –26.6
866.9
1,054.8 788.0 258.6 530.8
1,911.1 1,297.5
267.5 106.7 23.2 32.4 40.6 57.6
1,042.2
592.4 ...........
216.9 205.7 154.5 143.2 158.1 608.5 598.6 376.7 332.7 44.1
221.5 9.9
–25.1
865.9
1,052.2 786.1 266.4 520.1
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should
not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 5.3.2 and real growth rates are shown in table 5.3.1. 3. Excludes software “embedded,” or bundled, in computers and other equipment. 4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 7. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. NOTE. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of
more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
127 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.4.1B. Percent Change From Preceding Period in Real Private Table 5.4.2B. Contributions to Percent Change in Real Private Fixed Fixed Investment in Structures by Type Investment in Structures by Type
[Percent]
Line 2002 2003 2004 2005
Private fixed investment in structures ...... Nonresidential .....................................................
Commercial and health care ............................. Office 1 .......................................................... Health care....................................................
Hospitals and special care ........................ Hospitals ............................................... Special care ..........................................
Medical buildings....................................... Multimerchandise shopping .......................... Food and beverage establishments .............. Warehouses .................................................. Other commercial 2 .......................................
Manufacturing ................................................... Power and communication ................................
Power ............................................................ Electric ...................................................... Other power ..............................................
Communication ............................................. Mining exploration, shafts, and wells.................
Petroleum and natural gas ............................ Mining ...........................................................
Other structures ................................................ Religious ....................................................... Educational and vocational ........................... Lodging ......................................................... Amusement and recreation ........................... Transportation ...............................................
Air.............................................................. Land 3 .......................................................
Farm.............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Residential ........................................................... Permanent site ..................................................
Single-family structures................................. Multifamily structures ....................................
Other structures ................................................ Manufactured homes .................................... Dormitories.................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Addenda: Private fixed investment in new structures 5 .....
Nonresidential structures .............................. Residential structures ...................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45 46 47
–4.3 –17.1 –15.7 –30.7 13.0 15.7 21.3 –2.3
4.2 –7.9
–12.6 –26.6 –1.5
–41.6 –2.4
1.0 –3.9 19.7 –7.6
–23.3 –25.6 50.5
–16.0 –2.5 –0.4
–29.2 –6.2 –7.6
–34.6 4.6 7.3
–29.7 –14.1
............... 4.8 4.0 3.9 5.3 6.0
–9.9 –4.4
5.6 11.2
...............
–4.9 –16.1
4.1
4.0 –4.1 –6.6
–15.8 4.7 0.6 5.8
–20.0 19.6 –3.7 3.0 1.0
–13.1 –7.3
–12.9 0.8 0.4 2.2
–36.0 18.1 20.3
–21.9 –4.5 –0.3 –1.5 –7.9 1.0
–8.1 –25.9
–3.1 –11.7
–8.2 –0.2
............... 8.4 9.8
10.7 2.6 6.4
–18.3 9.2 5.0
11.7 ...............
3.2 –4.0 7.9
7.4 2.2 2.6 1.2 2.2
–3.1 –0.1
–18.8 18.3 14.8 –7.6 –8.8
8.7 5.1
–12.6 –16.5 –24.6
6.5 –2.2 13.2 12.1 44.9
3.1 –10.2 –10.3
13.8 2.2 3.5
–12.2 7.0
18.2 23.0
4.6 ..............
9.9 11.5 11.9
7.8 7.4
–2.9 –12.8
2.9 15.0
..............
6.4 2.0 8.8
6.3 1.1
–0.8 1.4
–1.9 0.2 3.5
–20.8 –6.9 11.6
–10.2 1.6
–13.7 21.1 –6.7
–12.7 –9.3
–18.9 8.2
11.0 10.0 34.3 –5.2
–11.3 –5.5 –0.6
–15.2 1.4
–23.3 6.0 5.1
–20.5 6.8
.............. 8.6
10.6 10.3 14.1
5.3 10.2
–10.9 4.2 7.0
..............
6.1 1.0 8.9
Line 2002 2003 2004 2005
Percent change at annual rate: Private fixed investment in structures ......
Percentage points at annual rates: Nonresidential.....................................................
Commercial and health care............................. Office 1 ......................................................... Health care ...................................................
Hospitals and special care........................ Hospitals............................................... Special care..........................................
Medical buildings ...................................... Multimerchandise shopping.......................... Food and beverage establishments .............. Warehouses.................................................. Other commercial 2 ......................................
Manufacturing ................................................... Power and communication................................
Power............................................................ Electric...................................................... Other power ..............................................
Communication............................................. Mining exploration, shafts, and wells ................
Petroleum and natural gas............................ Mining ...........................................................
Other structures................................................ Religious....................................................... Educational and vocational........................... Lodging......................................................... Amusement and recreation........................... Transportation...............................................
Air ............................................................. Land 3 .......................................................
Farm ............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures.................
Residential........................................................... Permanent site..................................................
Single-family structures ................................ Multifamily structures ....................................
Other structures................................................ Manufactured homes .................................... Dormitories ................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures.................
Addenda: Private fixed investment in new structures 5 .....
Nonresidential structures.............................. Residential structures ...................................
1
2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45 46 47
–4.3
–7.07 –2.69 –2.23
0.36 0.33 0.34
–0.01 0.03
–0.16 –0.13 –0.50 –0.03 –1.56 –0.15
0.04 –0.12
0.16 –0.19 –1.25 –1.33
0.08 –1.41 –0.03 –0.01 –0.66 –0.07 –0.07 –0.09
0.03 0.05
–0.14 –0.04 –0.44
2.81 1.43 1.23 0.20 1.38
–0.12 –0.01
0.81 0.86
–0.16
–4.47 –6.59
2.11
4.0
–1.46 –0.99 –0.82 0.15 0.01 0.12
–0.10 0.14
–0.07 0.03 0.02
–0.29 –0.17 –0.81 0.03 0.01 0.02
–0.85 0.85 0.90
–0.05 –0.34 0.00
–0.03 –0.13 0.01
–0.07 –0.05 –0.02 –0.08 –0.03 0.00
–0.01 5.41 3.79 3.68 0.11 1.62
–0.20 0.02 0.78 1.04
–0.02
2.94 –1.45 4.39
7.4
0.71 0.35 0.05 0.07
–0.07 0.00
–0.07 0.15 0.26
–0.07 –0.12
0.16 0.10
–0.67 –0.63 –0.70
0.06 –0.03
0.72 0.63 0.08 0.21
–0.10 –0.18
0.20 0.02 0.03
–0.02 0.04 0.11 0.07 0.01 0.06 6.66 4.74 4.41 0.32 1.92
–0.02 –0.03
0.46 1.41 0.10
5.79 0.64 5.14
6.3
0.35 –0.11
0.06 –0.06
0.00 0.07
–0.06 –0.06
0.22 –0.08
0.02 –0.26
0.40 –0.29 –0.39 –0.18 –0.20
0.10 0.68 0.59 0.09
–0.34 –0.09 –0.08 –0.01 –0.16
0.01 –0.02 0.03 0.03
–0.07 0.01 0.01 5.90 4.53 3.95 0.58 1.37 0.08
–0.02 0.63 0.69
–0.02
5.55 0.33 5.23
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
128 Saving and Investment August 2006
Table 5.4.3B. Real Private Fixed Investment in Structures by Type, Table 5.4.4B. Price Indexes for Private Fixed Investment in Structures Quantity Indexes by Type
[Index numbers, 2000=100] [Index numbers, 2000=100]
Line 2002 2003 2004 2005
Private fixed investment in structures ...... Nonresidential .....................................................
Commercial and health care ............................. Office 1 .......................................................... Health care....................................................
Hospitals and special care ........................ Hospitals ............................................... Special care ..........................................
Medical buildings....................................... Multimerchandise shopping .......................... Food and beverage establishments............... Warehouses .................................................. Other commercial 2 .......................................
Manufacturing.................................................... Power and communication ................................
Power ............................................................ Electric ...................................................... Other power ..............................................
Communication ............................................. Mining exploration, shafts, and wells.................
Petroleum and natural gas ............................ Mining............................................................
Other structures ................................................ Religious ....................................................... Educational and vocational ........................... Lodging ......................................................... Amusement and recreation ........................... Transportation ...............................................
Air.............................................................. Land 3 .......................................................
Farm.............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Residential ........................................................... Permanent site ..................................................
Single-family structures................................. Multifamily structures ....................................
Other structures ................................................ Manufactured homes..................................... Dormitories.................................................... Improvements................................................ Brokers’ commissions on sale of structures Net purchases of used structures .................
Addenda: Private fixed investment in new structures 5......
Nonresidential structures .............................. Residential structures....................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45 46 47
95.037 81.029 79.824 63.851
108.443 114.410 129.008
79.068 91.361 97.409 83.968 74.893 85.729 52.375
100.586 105.344 100.744 122.614
93.477 90.329 88.583
137.266 80.039 97.566
104.995 60.345 80.167 91.916 69.019
101.370 88.078 52.993 80.794
............... 105.165 104.637 104.025 109.838 105.974
71.995 104.390 107.112 112.893
...............
93.916 81.231
104.368
98.794 77.735 74.557 53.759
113.557 115.057 136.468
63.221 109.263
93.770 86.484 75.674 74.479 48.527 87.652
106.213 101.140 125.254
59.812 106.674 106.593 107.189
76.469 97.230
103.375 55.558 80.952 84.479 51.161 98.237 77.738 48.627 80.647
.............. 114.034 114.874 115.115 112.735 112.732
58.793 113.979 112.467 126.104
..............
96.935 77.944
112.598
106.071 79.418 76.507 54.426
116.091 111.492 136.346
51.317 129.258 107.693
79.915 69.020 80.987 50.993 76.571 88.685 76.309
133.404 58.487
120.793 119.510 155.343
78.836 87.298 92.725 63.201 82.706 87.472 44.914
105.108 91.908 59.800 84.386
............... 125.330 128.052 128.786 121.575 121.081
57.115 99.413
115.712 145.005
...............
103.100 79.472
122.551
112.707 80.302 75.875 55.185
113.942 111.719 141.073
40.652 120.306 120.178
71.766 70.093 69.922 61.759 71.479 77.433 69.227
108.131 63.260
134.078 131.480 208.579
74.770 77.403 87.590 62.824 70.149 88.662 34.471
111.408 96.587 47.565 90.161
............... 136.160 141.681 142.013 138.770 127.527
62.934 88.609
120.557 155.144
...............
109.439 80.287
133.472
Line 2002 2003 2004 2005
Private fixed investment in structures ...... Nonresidential .....................................................
Commercial and health care............................. Office 1.......................................................... Health care ...................................................
Hospitals and special care........................ Hospitals ............................................... Special care..........................................
Medical buildings ...................................... Multimerchandise shopping .......................... Food and beverage establishments .............. Warehouses.................................................. Other commercial 2.......................................
Manufacturing ................................................... Power and communication................................
Power ............................................................ Electric ...................................................... Other power ..............................................
Communication............................................. Mining exploration, shafts, and wells ................
Petroleum and natural gas............................ Mining ...........................................................
Other structures ................................................ Religious ....................................................... Educational and vocational........................... Lodging ......................................................... Amusement and recreation........................... Transportation ...............................................
Air ............................................................. Land 3 .......................................................
Farm ............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Residential........................................................... Permanent site..................................................
Single-family structures ................................ Multifamily structures ....................................
Other structures ................................................ Manufactured homes .................................... Dormitories ................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Addenda: Private fixed investment in new structures 5 .....
Nonresidential structures.............................. Residential structures ...................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45 46 47
108.410 110.030 106.346 105.480 106.387 106.387 106.387 106.387 106.387 107.273 107.273 107.273 107.206 106.635 105.224 105.599 106.057 103.961 104.616 145.169 147.167 106.387 106.467 106.387 106.808 106.387 106.387 106.661 106.387 106.751 106.387 105.771 105.816
............... 107.369 107.753 107.945 106.163 106.786 103.271 107.945 106.102 108.715
...............
108.399 110.062 107.175
113.193 113.872 109.357 108.539 109.625 109.625 109.625 109.625 109.625 110.141 110.141 110.141 110.058 108.466 107.731 108.015 108.152 107.333 107.318 157.775 160.339 109.625 109.341 109.625 109.249 109.625 109.625 109.529 109.625 109.528 109.625 108.070 106.318
............... 112.629 113.538 113.939 110.228 111.248 105.170 113.939 110.538 113.558
...............
113.189 113.924 112.509
121.199 120.951 116.235 115.275 116.291 116.291 116.291 116.291 116.291 117.243 117.243 117.243 117.200 113.985 116.231 117.630 114.438 125.222 113.142 167.286 170.001 116.291 115.251 116.291 115.208 116.291 116.291 112.977 116.291 112.347 116.291 114.309 106.924
............... 121.052 123.013 123.810 116.268 118.016 114.650 123.810 118.477 118.289
...............
121.579 121.057 121.561
129.651 134.647 127.001 127.324 125.043 125.043 125.043 125.043 125.043 128.557 128.557 126.992 128.488 122.924 123.233 128.113 120.557 145.490 113.065 209.732 214.673 125.043 123.118 125.043 124.250 125.043 125.043 115.554 125.043 113.986 125.043 124.407 107.383
............... 127.205 128.285 128.918 122.984 125.627 124.494 128.918 125.601 126.456
...............
130.078 134.842 127.366
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
129 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.4.5B. Private Fixed Investment in Structures by Type Table 5.4.6B. Real Private Fixed Investment in Structures by Type, [Billions of dollars]
Line 2002 2003 2004 2005
Private fixed investment in structures ...... Nonresidential .....................................................
Commercial and health care ............................. Office 1 .......................................................... Health care....................................................
Hospitals and special care ........................ Hospitals ............................................... Special care ..........................................
Medical buildings....................................... Multimerchandise shopping .......................... Food and beverage establishments .............. Warehouses .................................................. Other commercial 2 .......................................
Manufacturing ................................................... Power and communication ................................
Power ............................................................ Electric ...................................................... Other power ..............................................
Communication ............................................. Mining exploration, shafts, and wells.................
Petroleum and natural gas ............................ Mining ...........................................................
Other structures ................................................ Religious ....................................................... Educational and vocational ........................... Lodging ......................................................... Amusement and recreation ........................... Transportation ...............................................
Air.............................................................. Land 3 .......................................................
Farm.............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Residential ........................................................... Permanent site ..................................................
Single-family structures................................. Multifamily structures ....................................
Other structures ................................................ Manufactured homes .................................... Dormitories.................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures .................
Addenda: Private fixed investment in new structures 5 .....
Nonresidential structures .............................. Residential structures ...................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
45 46 47
775.5 279.2 116.8 40.6 25.3 19.7 15.8
4.0 5.5
14.8 7.5
11.3 17.3 17.8 49.5 31.2 23.5
7.6 18.4 35.6 33.7
1.9 59.5
8.1 14.6 13.0
9.0 6.5 1.4 5.1 5.6 2.6 2.1
–1.9 496.3 298.8 265.9 33.0
197.5 8.5 1.5
121.8 68.8 –3.1
709.7 279.1 430.7
841.8 277.2 112.2
35.1 27.3 20.5 17.2 3.3 6.8
14.6 7.9
11.7 15.5 16.7 44.2 32.1 24.1 8.0
12.1 45.7 44.2 1.6
58.4 8.3
14.7 12.3 9.3 6.1 1.1 5.0 5.1 2.4 2.1
–2.0 564.5 345.7 310.6
35.1 218.8
7.1 1.8
133.2 80.3 –3.5
764.9 277.2 487.7
967.7 300.8 122.3
37.8 29.6 21.0 18.2
2.8 8.5
17.9 7.8
11.4 17.9 18.5 41.7 29.2 19.2 10.0 12.4 54.9 52.5
2.4 63.5
7.9 13.9 14.8 10.1
6.5 1.0 5.5 6.4 3.2 2.2
–1.6 666.8 417.5 377.6
39.9 249.3
7.5 1.7
146.9 96.1 –2.8
873.9 300.3 573.6
1,099.9 338.6 132.5 42.3 31.2 22.7 20.3
2.4 8.5
21.9 7.7
12.5 16.9 24.1 41.2 27.8 18.4
9.4 13.4 76.4 72.9
3.5 64.3
7.6 14.2 15.9
9.2 6.8 0.8 6.0 7.2 2.7 2.3
–1.6 761.3 481.7 433.5 48.2
279.6 9.0 1.6
162.2 110.0 –3.2
992.4 337.9 654.5
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
Chained Dollars [Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Private fixed investment in structures ...... Nonresidential.....................................................
Commercial and health care............................. Office 1 ......................................................... Health care ...................................................
Hospitals and special care........................ Hospitals............................................... Special care..........................................
Medical buildings ...................................... Multimerchandise shopping.......................... Food and beverage establishments .............. Warehouses.................................................. Other commercial 2 ......................................
Manufacturing ................................................... Power and communication................................
Power............................................................ Electric...................................................... Other power ..............................................
Communication............................................. Mining exploration, shafts, and wells ................
Petroleum and natural gas............................ Mining ...........................................................
Other structures................................................ Religious....................................................... Educational and vocational........................... Lodging......................................................... Amusement and recreation........................... Transportation...............................................
Air ............................................................. Land 3 .......................................................
Farm ............................................................. Other 4 .......................................................... Brokers’ commissions on sale of structures Net purchases of used structures.................
Residential........................................................... Permanent site..................................................
Single-family structures ................................ Multifamily structures ....................................
Other structures................................................ Manufactured homes .................................... Dormitories ................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures.................
Residual................................................................ Addenda:
Private fixed investment in new structures 5 ..... Nonresidential structures.............................. Residential structures ...................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45
46 47 48
715.4 253.8 109.8 38.5 23.7 18.6 14.8
3.8 5.2
13.8 7.0
10.5 16.2 16.7 47.1 29.5 22.2
7.3 17.6 24.5 22.9
1.8 55.9
7.6 13.7 12.2
8.4 6.1 1.3 4.8 5.3 2.5 2.0
–1.8 462.2 277.3 246.3 31.0
184.9 8.3 1.4
114.8 63.3 –2.9 –1.1
654.7 253.6 401.8
743.6 243.5 102.6
32.4 24.9 18.7 15.7 3.0 6.2
13.3 7.2
10.6 14.0 15.4 41.0 29.7 22.3 7.5
11.2 29.0 27.5 1.4
53.4 7.6
13.5 11.2 8.5 5.6 1.0 4.6 4.7 2.3 1.9
–1.9 501.2 304.5 272.6
31.9 196.7
6.7 1.5
120.5 70.7 –3.0 1.6
675.8 243.3 433.5
798.4 248.7 105.2
32.8 25.4 18.1 15.7
2.4 7.3
15.2 6.7 9.7
15.3 16.2 35.8 24.8 16.8
8.0 11.0 32.8 30.9
2.1 55.1
6.8 12.1 12.8
8.7 5.8 0.9 4.9 5.5 2.8 2.0
–1.4 550.9 339.4 305.0
34.4 211.3
6.5 1.4
124.0 81.3 –2.3
2.9
718.8 248.1 471.8
848.4 251.5 104.4 33.2 24.9 18.1 16.2
1.9 6.8
17.0 6.0 9.9
13.2 19.6 33.5 21.7 15.3
6.5 11.9 36.4 34.0
2.8 52.2
6.0 11.4 12.7
7.4 5.9 0.7 5.2 5.8 2.2 2.2
–1.3 598.5 375.5 336.3 39.2
222.5 7.2 1.2
129.2 87.0 –2.5
4.2
762.9 250.6 513.9
1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care.
2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealerships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation.
3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation
and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. NOTE. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
130 Saving and Investment August 2006
Table 5.5.1. Percent Change From Preceding Period in Real Private Table 5.5.2. Contributions to Percent Change in Real Private Fixed Fixed Investment in Equipment and Software by Type Investment in Equipment and Software by Type
[Percent]
Line 2002 2003 2004 2005
Private fixed investment in equipment and software .......................................................
Nonresidential equipment and software ................... Information processing equipment and software.......
Computers, software, and communication ............ Computers and peripheral equipment............... Software 1 ......................................................... Communication equipment ...............................
Medical equipment and instruments ..................... Nonmedical instruments........................................ Photocopy and related equipment......................... Office and accounting equipment..........................
Industrial equipment.................................................. Fabricated metal products..................................... Engines and turbines ............................................ Metalworking machinery ....................................... Special industry machinery, n.e.c.......................... General industrial, including materials handling,
equipment ......................................................... Electrical transmission, distribution, and industrial
apparatus .......................................................... Transportation equipment..........................................
Trucks, buses, and truck trailers ............................ Light trucks (including utility vehicles) ............... Other trucks, buses, and truck trailers...............
Autos ..................................................................... Aircraft................................................................... Ships and boats .................................................... Railroad equipment ...............................................
Other equipment ....................................................... Furniture and fixtures ............................................ Agricultural machinery........................................... Construction machinery ........................................ Mining and oilfield machinery................................ Service industry machinery................................... Electrical equipment, n.e.c. ................................... Other .....................................................................
Less: Sale of equipment scrap, excluding autos ....... Residential equipment ................................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
–6.1 –6.2 –4.7 –6.4
4.8 –2.4
–21.1 12.4 –0.7
–26.6 4.4
–7.7 –10.4
6.7 –9.4
–15.5
–2.6
–10.3 –11.8 –6.0
–10.5 2.1
–5.5 –28.6 16.0
–27.8 –3.0 –8.6 15.4
–10.9 –40.1 –5.2 12.6
4.8 4.2 3.7
2.8 2.8 5.8 5.5
13.0 4.5 1.0 7.5 3.1 0.8
22.5 2.9 3.1
–13.2 –2.2 11.8
10.0
–9.1 –9.7 –2.4 3.1
–11.4 –13.0 –25.4
9.4 –10.9
5.8 3.4 6.0 5.4
20.3 –3.0 2.8
10.9 –4.7 5.9
7.3 7.3
10.1 11.0 14.2 10.0 10.2
8.4 7.3
–20.9 3.3
–4.1 –3.6
–54.7 0.8
–6.1
1.8
4.7 13.2 27.2 22.9 35.6 –0.8 –6.4 6.6 0.3 5.7 3.9 6.2
21.1 18.0
1.1 19.7 –2.2
8.6 10.8
8.9 8.9 8.5
10.1 17.9
5.8 12.4
4.0 –1.4
–11.8 1.7 8.1
–4.0 6.9
18.0 –2.2
12.7
7.4 12.9 22.8 23.6 21.5 15.8
–23.9 2.9
–21.3 7.4 9.4 0.2
16.1 33.7 –1.3 4.7 4.5
18.5 5.0
Line 2002 2003 2004 2005
Percent change at annual rate: Private fixed investment in equipment and
software ....................................................... Percentage points at annual rates: Nonresidential equipment and software...................
Information processing equipment and software ...... Computers, software, and communication............
Computers and peripheral equipment .............. Software 1......................................................... Communication equipment ...............................
Medical equipment and instruments ..................... Nonmedical instruments ....................................... Photocopy and related equipment ........................ Office and accounting equipment .........................
Industrial equipment ................................................. Fabricated metal products .................................... Engines and turbines ............................................ Metalworking machinery....................................... Special industry machinery, n.e.c. ........................ General industrial, including materials handling,
equipment......................................................... Electrical transmission, distribution, and industrial
apparatus.......................................................... Transportation equipment .........................................
Trucks, buses, and truck trailers............................ Light trucks (including utility vehicles)............... Other trucks, buses, and truck trailers ..............
Autos..................................................................... Aircraft .................................................................. Ships and boats .................................................... Railroad equipment...............................................
Other equipment ....................................................... Furniture and fixtures............................................ Agricultural machinery .......................................... Construction machinery........................................ Mining and oilfield machinery ............................... Service industry machinery .................................. Electrical equipment, n.e.c.................................... Other.....................................................................
Less: Sale of equipment scrap, excluding autos....... Residential equipment ...............................................
1
2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
–6.1
–6.12 –2.36 –2.72
0.45 –0.48 –2.68
0.54 –0.01 –0.20
0.02 –1.32 –0.15 0.08
–0.28 –0.55
–0.14
–0.27 –1.96 –0.46 –0.52
0.06 –0.22 –1.19
0.06 –0.15 –0.46 –0.33
0.27 –0.26 –0.29 –0.11
0.07 0.20 0.01 0.03
2.8
2.75 2.87 2.25 1.21 0.94 0.11 0.40 0.07 0.00 0.14 0.49 0.04
–0.19 –0.06 0.39
0.56
–0.23 –1.58 –0.19 0.15
–0.34 –0.55 –0.84 0.04
–0.05 0.95 0.13 0.13 0.13 0.10
–0.06 0.02 0.50
–0.02 0.06
7.3
7.18 4.98 4.42 1.32 2.11 1.00 0.48 0.17
–0.12 0.03
–0.72 –0.05 –0.69
0.02 –0.22
0.11
0.11 1.99 2.15 1.20 0.94
–0.03 –0.16
0.03 0.00 0.98 0.15 0.14 0.52 0.11 0.02 0.14
–0.11 0.04 0.10
8.9
8.83 4.20 4.04 1.61 1.23 1.20 0.23
–0.03 –0.05
0.01 1.33
–0.06 0.04 0.49
–0.07
0.77
0.17 2.11 2.17 1.43 0.74 0.56
–0.56 0.02
–0.08 1.31 0.38 0.00 0.47 0.23
–0.03 0.04 0.21 0.11 0.05
1. Excludes software “embedded,” or bundled, in computers and other equipment. n.e.c. Not elsewhere classified 1. Excludes software “embedded,” or bundled, in computers and other equipment.
n.e.c. Not elsewhere classified
Table 5.5.3. Real Private Fixed Investment in Equipment and Software Table 5.5.4. Price Indexes for Private Fixed Investment in Equipment by Type, Quantity Indexes and Software by Type
[Index numbers, 2000=100] [Index numbers, 2000=100]
Line 2002 2003 2004 2005
Private fixed investment in equipment and software .......................................................
Nonresidential equipment and software ................... Information processing equipment and software.......
Computers, software, and communication ............ Computers and peripheral equipment............... Software 1 ......................................................... Communication equipment ...............................
Medical equipment and instruments ..................... Nonmedical instruments........................................ Photocopy and related equipment......................... Office and accounting equipment..........................
Industrial equipment.................................................. Fabricated metal products..................................... Engines and turbines ............................................ Metalworking machinery ....................................... Special industry machinery, n.e.c.......................... General industrial, including materials handling,
equipment ......................................................... Electrical transmission, distribution, and industrial
apparatus .......................................................... Transportation equipment..........................................
Trucks, buses, and truck trailers ............................ Light trucks (including utility vehicles) ............... Other trucks, buses, and truck trailers...............
Autos ..................................................................... Aircraft................................................................... Ships and boats .................................................... Railroad equipment ...............................................
Other equipment ....................................................... Furniture and fixtures ............................................ Agricultural machinery........................................... Construction machinery ........................................ Mining and oilfield machinery................................ Service industry machinery................................... Electrical equipment, n.e.c. ................................... Other .....................................................................
Less: Sale of equipment scrap, excluding autos ....... Residential equipment ................................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
89.386 89.265 93.534 91.340
107.324 96.311 72.925
121.387 100.360 52.444
122.634 84.493 88.870
161.719 76.855 70.842
88.069
82.305 78.347 76.724 77.503 75.277 90.377 73.354 99.335 50.432 93.454 81.961
121.672 77.651 67.483 94.224
122.715 105.011 83.399
104.111
91.898 91.747 98.952 96.394
121.306 100.622
73.668 130.519 103.439
52.884 150.228
86.920 91.591
140.338 75.162 79.221
96.876
74.790 70.747 74.874 79.921 66.687 78.670 54.730
108.686 44.928 98.867 84.766
128.986 81.880 81.182 91.408
126.144 116.429
79.495 110.257
98.593 98.400
108.905 107.013 138.489 110.703
81.160 141.542 111.003
41.808 155.247
83.354 88.317 63.626 75.787 74.416
98.656
78.299 80.063 95.208 98.213 90.450 78.009 51.248
115.877 45.069
104.476 88.042
136.991 99.169 95.759 92.376
150.976 113.829
86.332 122.148
107.352 107.180 118.169 117.811 163.269 117.072 91.214
147.228 109.433 36.860
157.907 90.147 84.741 68.029 89.400 72.768
111.226
84.113 90.382
116.929 121.384 109.871 90.310 39.004
119.294 35.477
112.254 96.339
137.231 115.159 127.999 91.186
158.013 118.909 102.339 128.239
Line 2002 2003 2004 2005
Private fixed investment in equipment and software .......................................................
Nonresidential equipment and software................... Information processing equipment and software ......
Computers, software, and communication............ Computers and peripheral equipment .............. Software 1......................................................... Communication equipment ...............................
Medical equipment and instruments ..................... Nonmedical instruments ....................................... Photocopy and related equipment ........................ Office and accounting equipment .........................
Industrial equipment ................................................. Fabricated metal products .................................... Engines and turbines ............................................ Metalworking machinery....................................... Special industry machinery, n.e.c. ........................ General industrial, including materials handling,
equipment......................................................... Electrical transmission, distribution, and industrial
apparatus.......................................................... Transportation equipment .........................................
Trucks, buses, and truck trailers............................ Light trucks (including utility vehicles)............... Other trucks, buses, and truck trailers ..............
Autos..................................................................... Aircraft .................................................................. Ships and boats .................................................... Railroad equipment...............................................
Other equipment ....................................................... Furniture and fixtures............................................ Agricultural machinery .......................................... Construction machinery........................................ Mining and oilfield machinery ............................... Service industry machinery .................................. Electrical equipment, n.e.c.................................... Other.....................................................................
Less: Sale of equipment scrap, excluding autos....... Residential equipment ...............................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
95.987 95.956 91.313 89.779 70.950 98.792 93.429
101.040 102.057
91.648 97.998
100.852 103.256 101.111 100.002
99.969
101.990
99.266 100.236
97.239 95.138
101.006 99.637
106.927 105.333
99.857 102.052 102.101 102.298 101.850 104.739 101.963
99.863 101.964
94.133 99.558
94.926 94.912 87.889 85.484 63.234 96.705 89.448
102.379 103.365 91.042 98.055
101.652 105.012 101.907 100.167 100.785
103.268
99.144 103.988 101.035 100.491 101.974 102.704 111.684 109.836 101.390 103.389 103.644 104.075 103.655 106.921 102.826 100.279 102.958 115.277 96.799
94.496 94.503 84.741 81.695 58.599 94.503 83.957
102.321 104.385 90.327 98.787
104.249 112.514 102.662 101.881 103.605
106.007
99.962 109.923 106.693 107.784 104.551 109.516 117.581 113.875 106.928 105.621 105.780 107.389 106.621 111.930 104.526 101.364 104.443 188.302 94.223
94.156 94.134 82.218 78.649 51.407 94.067 82.213
102.456 106.003
90.045 98.601
108.064 120.503 103.132 105.611 106.238
110.363
102.662 108.882 104.230 101.855 108.297 106.819 124.570 117.254 119.875 109.470 110.234 111.818 111.185 120.896 107.993 102.660 106.907 173.922
96.852
1. Excludes software “embedded,” or bundled, in computers and other equipment. 1. Excludes software “embedded,” or bundled, in computers and other equipment. n.e.c. Not elsewhere classified n.e.c. Not elsewhere classified
131 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.5.5. Private Fixed Investment in Equipment and Software by Table 5.5.6. Real Private Fixed Investment in Equipment and Software Type by Type, Chained Dollars
[Billions of dollars] [Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Private fixed investment in equipment and software .......................................................
Nonresidential equipment and software ................... Information processing equipment and software ......
Computers, software, and communication ............ Computers and peripheral equipment............... Software 1 ......................................................... Communication equipment ...............................
Medical equipment and instruments ..................... Nonmedical instruments ....................................... Photocopy and related equipment ........................ Office and accounting equipment .........................
Industrial equipment.................................................. Fabricated metal products..................................... Engines and turbines ............................................ Metalworking machinery ....................................... Special industry machinery, n.e.c.......................... General industrial, including materials handling,
equipment ......................................................... Electrical transmission, distribution, and industrial
apparatus .......................................................... Transportation equipment..........................................
Trucks, buses, and truck trailers ............................ Light trucks (including utility vehicles) ............... Other trucks, buses, and truck trailers...............
Autos ..................................................................... Aircraft................................................................... Ships and boats .................................................... Railroad equipment...............................................
Other equipment ....................................................... Furniture and fixtures ............................................ Agricultural machinery .......................................... Construction machinery ........................................ Mining and oilfield machinery................................ Service industry machinery................................... Electrical equipment, n.e.c. ................................... Other .....................................................................
Less: Sale of equipment scrap, excluding autos ....... Residential equipment ................................................ Addenda:
Private fixed investment in equipment and software Less: Dealers’ margin on used equipment................
Net purchases of used equipment from government ...............................................
Plus: Net sales of used equipment............................ Net exports of used equipment ..................... Sale of equipment scrap ...............................
Equals: Private fixed investment in new equipment and software..........................................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36
37 38
39 40 41 42
43
794.7 787.1 399.4 329.4
77.2 167.6
84.5 42.2 18.2
4.6 4.9
135.7 11.4 11.6 23.1 25.8
43.6
20.2 126.3
61.0 37.5 23.6 32.9 25.6
3.5 3.3
128.4 30.3 17.1 18.4
3.8 16.9
5.6 36.3
2.6 7.6
794.7 10.1
0.5 77.2
1.9 2.8
866.0
808.0 800.2 406.7 331.0
77.8 171.4
81.8 46.0 19.0 4.6 6.0
140.7 11.9 10.2 22.6 29.1
48.6
18.3 118.3
61.9 40.8 21.1 29.5 19.9 4.0 3.0
137.6 31.8 18.4 19.7 4.6
16.5 5.8
40.7 3.1 7.9
808.0 10.0
0.6 70.9 1.2 3.2
872.8
863.0 854.5 431.6 351.2
82.3 184.3
84.5 49.9 20.6 3.6 6.3
138.4 12.3 4.6
23.2 28.1
50.8
19.3 141.6
83.1 53.8 29.3 31.2 19.6 4.4 3.2
148.5 33.8 20.2 24.6 5.7
16.9 7.0
40.3 5.5 8.5
863.0 10.8
0.6 69.2 1.3 5.6
927.7
936.2 927.1 454.3 372.2 85.1
194.0 93.0 51.9 20.6
3.2 6.4
155.1 12.7 5.0
28.4 28.1
59.6
21.3 158.3 99.7 62.8 36.9 35.2 15.8 4.7 2.8
165.4 38.5 21.0 29.7
8.2 17.3
7.5 43.1
6.0 9.1
936.2 11.5
0.6 71.5
2.9 6.1
1,004.6
1. Excludes software “embedded,” or bundled, in computers and other equipment. n.e.c. Not elsewhere classified
Line 2002 2003 2004 2005
Private fixed investment in equipment and software.......................................................
Nonresidential equipment and software .................. Information processing equipment and software ......
Computers, software, and communication............ Computers and peripheral equipment 1 ........... Software 2......................................................... Communication equipment...............................
Medical equipment and instruments..................... Nonmedical instruments ....................................... Photocopy and related equipment ........................ Office and accounting equipment .........................
Industrial equipment ................................................. Fabricated metal products .................................... Engines and turbines............................................ Metalworking machinery....................................... Special industry machinery, n.e.c. ........................ General industrial, including materials handling,
equipment......................................................... Electrical transmission, distribution, and industrial
apparatus.......................................................... Transportation equipment .........................................
Trucks, buses, and truck trailers............................ Light trucks (including utility vehicles)............... Other trucks, buses, and truck trailers ..............
Autos..................................................................... Aircraft .................................................................. Ships and boats.................................................... Railroad equipment ..............................................
Other equipment....................................................... Furniture and fixtures............................................ Agricultural machinery .......................................... Construction machinery........................................ Mining and oilfield machinery ............................... Service industry machinery .................................. Electrical equipment, n.e.c. .................................. Other.....................................................................
Less: Sale of equipment scrap, excluding autos....... Residential equipment ............................................... Residual........................................................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17
18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
827.9 820.2 437.4 366.9
............. 169.7
90.5 41.8 17.8
5.1 5.0
134.5 11.0 11.5 23.1 25.8
42.8
20.3 126.0
62.8 39.4 23.3 33.0 23.9
3.4 3.3
125.8 29.7 16.7 18.0
3.6 16.5
5.7 35.6
2.8 7.7
–2.4
851.2 843.1 462.7 387.2
............ 177.3
91.4 44.9 18.4
5.1 6.1
138.4 11.4 10.0 22.6 28.8
47.1
18.5 113.8
61.3 40.6 20.7 28.7 17.8
3.7 2.9
133.1 30.7 17.7 19.0
4.3 16.0
5.8 39.5
2.7 8.1
–6.3
913.2 904.2 509.3 429.8
............. 195.0 100.7
48.7 19.7 4.0 6.4
132.7 10.9 4.5
22.8 27.1
47.9
19.3 128.8
77.9 49.9 28.0 28.5 16.7 3.9 2.9
140.6 31.9 18.8 23.0 5.1
16.2 7.0
38.6 2.9 9.0
–10.9
994.3 984.9 552.6 473.2
............. 206.2 113.2
50.7 19.5 3.6 6.5
143.5 10.5 4.8
26.9 26.5
54.0
20.8 145.4
95.7 61.7 34.1 33.0 12.7 4.0 2.3
151.1 34.9 18.8 26.8 6.8
16.0 7.3
40.4 3.4 9.4
–19.3
1. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 5.5.2 and real growth rates are shown in table 5.5.1.
2. Excludes software “embedded,” or bundled, in computers and other equipment. NOTE. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
n.e.c. Not elsewhere classified
132 Saving and Investment August 2006
Table 5.6.5B. Change in Private Inventories by Industry [Billions of dollars]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Change in private inventories .................... Farm ...................................................................... Mining, utilities, and construction........................... Manufacturing........................................................
Durable goods industries................................... Nondurable goods industries.............................
Wholesale trade..................................................... Durable goods industries................................... Nondurable goods industries.............................
Retail trade ............................................................ Motor vehicle and parts dealers ........................ Food and beverage stores................................. General merchandise stores ............................. Other retail stores..............................................
Other industries ..................................................... Addenda:
Change in private inventories ............................ Durable goods industries............................... Nondurable goods industries.........................
Nonfarm industries ............................................ Nonfarm change in book value 1 ................... Nonfarm inventory valuation adjustment 2 ....
Wholesale trade................................................. Merchant wholesale trade .............................
Durable goods industries........................... Nondurable goods industries.....................
Nonmerchant wholesale trade.......................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15
16 17 18 19 20 21 22 23 24 25 26
11.9 –2.5 –3.6 –5.9 –6.8 0.9 1.0
–0.4 1.4
24.2 18.2 0.2 1.2 4.6
–1.4
11.9 15.1 –3.2 14.4 19.3 –5.0 1.0 1.5 0.1 1.5
–0.5
14.3 0.4 5.9
–9.8 –6.5 –3.3 0.6 1.3
–0.7 15.9 12.3 –1.0 0.9 3.8 1.3
14.3 11.1 3.2
13.9 32.8
–18.9 0.6 1.1 1.6
–0.5 –0.5
57.3 8.4 1.0
–0.7 –0.1 –0.6 19.1 16.9
2.2 22.2
7.2 0.5 4.3
10.2 7.4
57.3 31.6 25.8 49.0
107.7 –58.7 19.1 18.4 16.5
1.9 0.7
21.3 0.3 1.8
–3.2 1.2
–4.3 17.1 14.3
2.8 5.4
–2.7 0.0 2.9 5.2
–0.1
21.3 17.3
4.0 21.0 72.3
–51.3 17.1 16.7 13.7
3.0 0.4
27.3 –1.6 –4.7 –1.0
5.6 –6.7
8.1 4.7 3.4
28.9 27.1 0.2 3.8
–2.2 –2.3
27.3 42.6
–15.4 28.8 45.3
–16.5 8.1 7.7 4.8 2.9 0.4
23.0 3.9 1.3
–2.3 –4.3
2.0 –2.2
3.1 –5.4 23.6 18.6 0.2
–0.8 5.6
–1.2
23.0 20.4
2.7 19.1 66.5
–47.4 –2.2
1.6 5.7
–4.1 –3.8
–3.5 0.3 4.8
–15.5 –15.7
0.2 –6.6 –5.0 –1.6 9.5
15.4 –1.9 –0.1 –3.9 4.0
–3.5 –3.8 0.3
–3.8 –4.4 0.6
–6.6 –7.3 –4.9 –2.4 0.7
11.8 –0.4 6.6
–17.0 –13.8
–3.2 2.1
–6.2 8.3
19.5 8.0 1.5 2.2 7.8 1.1
11.8 –6.0 17.8 12.2 17.8 –5.6 2.1 2.1
–5.8 7.9 0.0
25.9 –2.2 10.7 –4.3
8.0 –12.3
9.3 13.3 –4.0 11.0
7.3 –3.9
2.1 5.5 1.4
25.9 33.9 –8.0 28.1 51.4
–23.3 9.3 8.0
11.4 –3.4
1.3
38.0 5.8
–6.6 –2.2 –4.3
2.0 7.9
12.1 –4.2 25.9 15.9 0.0 4.5 5.5 7.2
38.0 28.5
9.5 32.2 82.5
–50.3 7.9 8.1
11.7 –3.6 –0.2
79.3 22.9
0.0 3.7 1.3 2.4
15.7 16.2 –0.5 31.0 15.8 1.4 3.3
10.5 6.0
79.3 42.5 36.8 56.4
123.7 –67.2
15.7 12.5 16.2 –3.6
3.2
54.8 8.2 5.4
–6.9 –1.1 –5.8 32.0 27.1 4.9 7.3
–2.9 0.8 1.6 7.9 8.7
54.8 28.4 26.4 46.6 99.4
–52.8 32.0 30.5 24.7 5.8 1.6
57.3 –3.4 4.9 2.7 3.8
–1.1 20.8 12.1 8.7
24.6 0.0
–0.3 7.9
17.0 7.7
57.3 27.0 30.4 60.7
125.1 –64.4
20.8 22.6 13.7 8.9
–1.8
59.4 0.8 2.2
16.5 12.1
4.4 23.7 16.5
7.3 15.6
4.5 –0.5
5.7 5.9 0.5
59.4 36.1 23.3 58.5
105.1 –46.6 23.7 18.6 12.8
5.8 5.1
–7.6 –6.7
6.8 –14.7 –6.5 –8.2 18.9 13.8
5.1 –11.9 –21.5
0.6 1.3 7.6 0.0
–7.6 –7.7
0.1 –0.9 32.6
–33.5 18.9 18.8 14.5
4.2 0.1
–15.3 1.3
–1.5 –14.5
0.5 –15.0
11.0 7.9 3.1
–9.8 –13.1 –1.7
3.2 1.8
–1.8
–15.3 –0.8
–14.5 –16.6
35.8 –52.4
11.0 12.9
7.7 5.1
–1.9
48.6 5.8
–0.4 0.1
–1.5 1.6
14.7 18.8 –4.1 27.6 19.5 1.5 1.2 5.4 0.9
48.6 41.6
7.0 42.8
115.7 –72.9
14.7 16.4 19.7 –3.2 –1.7
47.2 5.4
–3.1 9.2
–0.2 9.4
16.8 6.8
10.0 13.5 5.5 1.1
–4.9 11.8
5.5
47.2 14.3 32.9 41.8 47.1 –5.3 16.8 14.0 7.4 6.6 2.8
59.7 5.6 9.4 4.8 8.3
–3.6 24.3 20.5
3.8 8.0
–4.4 3.0 0.7 8.8 7.6
59.7 24.2 35.5 54.2
105.6 –51.4 24.3 25.8 21.8
4.0 –1.5
1. This series is derived from the Census Bureau series “current cost inventories.” 2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived primarily
from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics. NOTE. Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars [Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Seasonally adjusted at annual rates
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Change in private inventories .................... Farm ...................................................................... Mining, utilities, and construction........................... Manufacturing........................................................
Durable goods industries................................... Nondurable goods industries.............................
Wholesale trade..................................................... Durable goods industries................................... Nondurable goods industries.............................
Retail trade ............................................................ Motor vehicle and parts dealers ........................ Food and beverage stores................................. General merchandise stores ............................. Other retail stores..............................................
Other industries ..................................................... Residual................................................................. Addenda:
Change in private inventories ............................ Durable goods industries............................... Nondurable goods industries.........................
Nonfarm industries ............................................ Wholesale trade.................................................
Merchant wholesale trade ............................. Durable goods industries........................... Nondurable goods industries.....................
Nonmerchant wholesale trade.......................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23 24 25
12.5 –2.5 –3.6 –5.9 –6.8 0.9 1.3
–0.4 1.7
24.3 18.4 0.2 1.2 4.7
–1.4 0.1
12.5 15.5 –2.8 15.2 1.3 1.8 0.0 1.8
–0.5
14.3 0.4 5.3
–9.4 –6.4 –3.0
0.8 1.3
–0.4 15.9 12.7 –1.0
0.8 3.8 1.3
–0.5
14.3 11.2
3.3 14.0
0.8 1.3 1.6
–0.2 –0.5
53.4 6.1 0.7
–0.4 –0.2 –0.2 18.2 16.4
2.3 21.9
7.5 0.4 4.2 9.9 7.4
–1.1
53.4 30.7 23.1 47.0 18.2 17.6 16.0
1.9 0.7
19.6 0.2 1.2
–2.4 1.1
–3.3 15.7 13.5 2.6 5.2
–2.7 0.0 2.7 4.9
–0.1 –0.5
19.6 16.4 3.9
19.6 15.7 15.4 12.9 2.7 0.5
29.5 –0.2 –4.4 –0.6 5.9
–6.5 8.3 4.8 3.4
28.9 27.7 0.2 3.8
–2.2 –2.3 –0.7
29.5 43.6
–13.1 29.9 8.3 7.9 4.9 3.0 0.3
24.3 4.8 1.2
–2.2 –4.3
2.0 –1.9
3.2 –4.8 23.5 19.0 0.1
–0.8 5.7
–1.2 –0.6
24.3 20.7
4.1 19.2 –1.9
2.0 5.8
–3.5 –3.8
–2.7 0.4 4.2
–14.9 –15.8
0.5 –6.2 –5.1 –1.2
9.6 15.7 –1.8 –0.1 –3.8
4.0 0.3
–2.7 –3.9
1.1 –3.2 –6.2 –7.0 –5.1 –2.0
0.7
10.5 –1.2 6.0
–16.7 –13.9
–3.0 2.0
–6.4 7.9
19.4 8.3 1.4 2.2 7.8 1.1 0.3
10.5 –6.1 15.9 12.0 2.0 2.1
–6.0 7.5
–0.1
25.0 –2.4
9.7 –3.8
8.2 –11.5
9.5 13.5 –3.4 10.9
7.7 –3.6
2.1 5.4 1.4
–2.1
25.0 34.4 –7.6 28.1
9.5 8.2
11.5 –2.8
1.3
35.9 3.9
–5.6 –2.0 –4.3
2.1 7.9
12.0 –3.5 25.8 16.7 0.0 4.4 5.4 7.3
–2.5
35.9 28.4
8.4 32.1
7.9 8.1
11.6 –3.0 –0.1
74.7 17.9 0.0 3.8 1.2 2.6
15.0 15.8 –0.2 30.7 16.5 1.2 3.2
10.3 6.0 0.2
74.7 41.6 33.6 54.5 15.0 12.0 15.7 –3.0 2.9
50.8 5.9 4.4
–5.7 –1.0 –4.6 30.3 26.1
4.8 7.2
–3.0 0.7 1.5 7.7 8.6
–0.3
50.8 27.3 23.7 44.8 30.3 28.9 23.7
5.6 1.5
52.0 –3.3
3.9 2.2 3.4
–1.1 19.5 11.5
8.0 24.0
0.0 –0.3
7.6 16.2
7.6 –1.5
52.0 25.5 26.5 56.5 19.5 21.3 13.0
8.2 –1.6
55.2 0.7 1.6
15.3 11.1
4.4 22.0 15.7
6.5 15.2
4.6 –0.5
5.5 5.6 0.4
–0.4
55.2 34.4 21.4 54.9 22.0 17.3 12.1
5.2 4.6
–7.4 –5.8 4.9
–13.1 –5.9 –7.1 17.4 13.1 4.5
–11.3 –21.9
0.6 1.3 7.2
–0.1 1.8
–7.4 –7.3 –0.5 –1.0 17.4 17.4 13.8 3.8 0.1
–12.7 1.1
–1.1 –12.2
0.6 –11.8 10.2
7.5 2.8
–9.2 –13.3 –1.5
3.1 1.8
–1.6 –0.3
–12.7 –0.5
–11.6 –14.0
10.2 11.9
7.3 4.6
–1.5
43.5 4.8
–0.5 0.5
–1.3 1.5
13.3 17.8 –3.3 26.4 19.8 1.3 1.1 5.1 0.8
–3.6
43.5 39.2
6.4 38.6 13.3 15.0 18.6 –2.7 –1.4
41.2 4.3
–2.0 7.6
–0.1 7.1
15.0 6.4 8.2
12.8 5.5 1.0
–4.7 10.8
5.2 –0.5
41.2 13.4 27.1 36.8 15.0 12.6 6.9 5.6 2.3
52.6 4.3 6.7 4.3 7.4
–2.5 21.5 19.1
3.2 7.6
–4.5 2.6 0.6 8.0 7.1 0.6
52.6 22.6 29.8 48.3 21.5 23.1 20.3
3.4 –1.2
NOTE. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained (2000) dollar series for real change in private inventories are calculated as the period-to-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the
formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines.
133 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry [Billions of dollars]
Line
Seasonally adjusted quarterly totals
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private inventories 1 ................................................... Farm...................................................................................... Mining, utilities, and construction .......................................... Manufacturing........................................................................
Durable goods industries .................................................. Nondurable goods industries ............................................
Wholesale trade .................................................................... Durable goods industries .................................................. Nondurable goods industries ............................................
Retail trade............................................................................ Motor vehicle and parts dealers ........................................ Food and beverage stores................................................. General merchandise stores ............................................. Other retail stores..............................................................
Other industries..................................................................... Addenda:
Private inventories............................................................. Durable goods industries .............................................. Nondurable goods industries ........................................
Nonfarm industries ............................................................ Wholesale trade ................................................................
Merchant wholesale trade ............................................. Durable goods industries .......................................... Nondurable goods industries ....................................
Nonmerchant wholesale trade ...................................... Final sales of domestic business 2 ........................... Final sales of goods and structures of domestic
business 2................................................................ Ratios of private inventories to final sales of domestic
business: Private inventories to final sales........................................ Nonfarm inventories to final sales ..................................... Nonfarm inventories to final sales of goods and structures
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15
16 17 18 19 20 21 22 23 24 25
26
27 28 29
1,507.8 135.8 49.4
443.6 265.7 178.0 348.0 200.7 147.4 419.3 140.4 33.7 65.3
179.8 111.7
1,507.8 687.8 820.0
1,372.0 348.0 300.3 174.2 126.1 47.8
601.0
367.4
2.51 2.28 3.73
1,536.5 136.3
55.2 451.9 267.0 184.9 352.0 201.9 150.2 428.0 146.1
34.2 65.3
182.4 113.0
1,536.5 696.9 839.6
1,400.2 352.0 303.5 176.0 127.6
48.5 607.7
370.5
2.53 2.30 3.78
1,530.2 137.8
55.6 445.6 262.6 183.0 348.4 200.8 147.6 429.3 148.8
34.1 65.5
180.9 113.5
1,530.2 694.7 835.5
1,392.4 348.4 301.2 174.9 126.3
47.2 616.0
375.5
2.48 2.26 3.71
1,547.5 150.6
56.4 441.6 259.2 182.4 351.2 199.9 151.3 433.6 149.2
35.0 66.1
183.3 114.0
1,547.5 692.6 854.9
1,396.8 351.2 303.6 174.0 129.6
47.6 633.2
389.0
2.44 2.21 3.59
1,567.3 151.2 58.5
447.0 263.3 183.7 359.8 205.2 154.6 436.4 149.3 34.5 66.9
185.7 114.3
1,567.3 703.8 863.5
1,416.1 359.8 310.8 178.6 132.2 49.0
639.0
391.3
2.45 2.22 3.62
1,604.4 156.6
60.3 456.8 269.6 187.1 368.9 212.4 156.5 445.7 153.8
34.7 68.3
188.8 116.1
1,604.4 724.2 880.2
1,447.8 368.9 318.9 185.2 133.7
50.0 649.0
395.9
2.47 2.23 3.66
1,652.2 166.0
62.8 470.3 276.5 193.8 377.4 219.0 158.4 457.2 158.8
35.6 69.5
193.3 118.5
1,652.2 746.8 905.4
1,486.2 377.4 325.4 191.5 133.8
52.0 658.8
401.5
2.51 2.26 3.70
1,680.7 159.2
65.0 483.9 284.8 199.1 389.0 229.3 159.7 462.2 159.4
35.7 70.0
197.1 121.4
1,680.7 768.6 912.1
1,521.5 389.0 335.1 200.9 134.3
53.9 668.3
408.1
2.51 2.28 3.73
1,712.2 157.0 69.3
491.5 288.5 202.9 398.0 234.2 163.7 471.9 160.7 35.9 72.4
202.9 124.7
1,712.2 782.0 930.3
1,555.2 398.0 343.5 205.9 137.6 54.5
679.1
413.5
2.52 2.29 3.76
1,747.2 160.7
70.6 503.1 293.7 209.4 408.1 238.7 169.4 478.9 161.8
36.2 74.3
206.7 125.8
1,747.2 794.6 952.5
1,586.5 408.1 351.2 209.4 141.8
56.9 690.3
421.3
2.53 2.30 3.77
1,749.0 155.9
74.8 499.5 289.9 209.6 414.2 241.1 173.1 477.7 157.0
36.4 74.9
209.3 126.9
1,749.0 789.8 959.1
1,593.1 414.2 356.5 212.1 144.4
57.7 706.6
433.6
2.48 2.25 3.67
1,780.3 160.4
80.1 509.2 293.4 215.8 423.7 244.4 179.2 478.7 154.4
36.0 76.0
212.3 128.3
1,780.3 795.1 985.2
1,619.9 423.7 363.5 215.2 148.2
60.2 720.0
442.1
2.47 2.25 3.66
1,817.0 165.6 89.8
515.6 296.3 219.3 430.6 250.9 179.8 486.4 157.6 36.8 76.7
215.3 128.9
1,817.0 810.5
1,006.5 1,651.4
430.6 370.8 221.7 149.0 59.9
724.3
441.1
2.51 2.28 3.74
1,839.2 173.1
82.1 523.9 301.4 222.5 437.8 255.0 182.8 492.0 159.7
36.7 75.9
219.7 130.2
1,839.2 823.8
1,015.4 1,666.2
437.8 377.0 225.8 151.2
60.8 741.4
455.6
2.48 2.25 3.66
1,889.9 174.3
81.1 543.4 314.6 228.8 457.7 266.2 191.4 499.3 159.4
37.8 76.7
225.3 134.2
1,889.9 848.7
1,041.2 1,715.6
457.7 393.6 236.7 156.8
64.1 751.0
460.3
2.52 2.28 3.73
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in private inventories component of GDP. The former is the difference between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas, the change in private inventories is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and space rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
NOTE. Estimates in this table are based on the North American Industry Classification System (NAICS).
134 Saving and Investment August 2006
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars [Billions of chained (2000) dollars]
Line
Seasonally adjusted quarterly totals
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private inventories 1 ................................................... Farm ...................................................................................... Mining, utilities, and construction .......................................... Manufacturing........................................................................
Durable goods industries................................................... Nondurable goods industries.............................................
Wholesale trade .................................................................... Durable goods industries................................................... Nondurable goods industries.............................................
Retail trade ............................................................................ Motor vehicle and parts dealers ........................................ Food and beverage stores................................................. General merchandise stores ............................................. Other retail stores..............................................................
Other industries..................................................................... Residual ................................................................................ Addenda:
Private inventories............................................................. Durable goods industries .............................................. Nondurable goods industries ........................................
Nonfarm industries ............................................................ Wholesale trade ................................................................
Merchant wholesale trade ............................................. Durable goods industries .......................................... Nondurable goods industries ....................................
Nonmerchant wholesale trade ...................................... Final sales of domestic business 2 ........................... Final sales of goods and structures of domestic
business 2 ................................................................ Ratios of private inventories to final sales of domestic
business: Private inventories to final sales............................................ Nonfarm inventories to final sales ......................................... Nonfarm inventories to final sales of goods and structures...
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23 24 25 26
27
28 29 30
1,501.4 124.0
48.1 447.0 270.7 176.3 348.8 205.9 142.6 420.6 143.8
32.6 64.8
179.5 112.5
0.6
1,501.4 702.4 798.9
1,377.6 348.8 300.5 178.6 121.7
48.3 582.5
357.9
2.58 2.37 3.85
1,507.5 125.2 48.4
446.4 269.6 176.8 348.3 206.7 141.4 426.5 148.6 32.7 64.6
180.9 112.2
0.4
1,507.5 707.5 799.9
1,382.4 348.3 301.0 180.0 120.8 47.3
585.7
360.7
2.57 2.36 3.83
1,506.8 125.3 49.5
442.7 265.6 176.9 346.7 205.4 141.1 428.9 152.5 32.2 64.5
180.0 113.2
0.6
1,506.8 706.5 800.2
1,381.6 346.7 299.2 178.7 120.3 47.5
592.6
366.0
2.54 2.33 3.78
1,509.5 125.0 50.9
438.5 262.2 176.1 347.2 203.8 143.1 433.7 154.6 32.6 65.1
181.9 113.5
0.7
1,509.5 705.0 804.1
1,384.5 347.2 299.7 177.2 122.2 47.5
606.7
378.4
2.49 2.28 3.66
1,515.7 124.4
53.4 437.5 264.2 173.3 349.6 207.2 142.2 436.4 156.5
31.7 65.6
183.3 113.9
0.0
1,515.7 713.6 802.2
1,391.6 349.6 301.8 180.1 121.5
47.8 609.7
379.4
2.49 2.28 3.67
1,524.7 125.4
52.0 437.0 263.1 173.8 351.6 210.2 141.4 442.9 160.6
31.7 66.7
184.7 115.7
–0.6
1,524.7 720.7 804.3
1,399.6 351.6 303.8 183.0 120.7
47.8 614.5
381.4
2.48 2.28 3.67
1,543.4 129.9
52.0 438.0 263.4 174.4 355.4 214.2 141.3 450.6 164.8
32.0 67.5
187.2 117.2
–0.5
1,543.4 731.1 812.8
1,413.2 355.4 306.8 186.9 120.0
48.5 618.7
383.3
2.49 2.28 3.69
1,556.0 131.3
53.1 436.6 263.2 173.3 362.9 220.7 142.5 452.4 164.0
32.2 67.9
189.1 119.3
–0.6
1,556.0 737.9 818.7
1,424.4 362.9 314.0 192.9 121.4
48.9 625.6
389.0
2.49 2.28 3.66
1,569.1 130.5
54.0 437.1 264.0 173.0 367.8 223.6 144.5 458.4 164.0
32.1 69.8
193.2 121.2
–0.8
1,569.1 744.3 825.3
1,438.6 367.8 319.4 196.1 123.4
48.5 631.3
391.5
2.49 2.28 3.67
1,582.8 130.7
54.4 440.9 266.8 174.1 373.3 227.5 146.2 462.2 165.2
32.0 71.1
194.6 121.3
–1.1
1,582.8 752.9 830.6
1,452.3 373.3 323.7 199.2 124.7
49.6 637.4
396.8
2.48 2.28 3.66
1,581.0 129.2
55.7 437.7 265.3 172.3 377.7 230.7 147.3 459.3 159.7
32.1 71.5
196.4 121.3
–0.5
1,581.0 751.1 830.5
1,452.0 377.7 328.0 202.6 125.7
49.6 649.6
407.4
2.43 2.24 3.56
1,577.8 129.5 55.4
434.6 265.5 169.4 380.2 232.6 148.0 457.0 156.4 31.7 72.2
196.8 120.9 –0.6
1,577.8 751.0 827.6
1,448.5 380.2 331.0 204.4 126.8 49.3
657.2
413.0
2.40 2.20 3.51
1,588.7 130.7 55.3
434.7 265.2 169.8 383.5 237.1 147.2 463.6 161.3 32.1 72.5
198.1 121.1 –1.7
1,588.7 760.8 829.2
1,458.2 383.5 334.7 209.1 126.1 48.9
656.6
411.1
2.42 2.22 3.55
1,599.0 131.8 54.8
436.6 265.1 171.5 387.3 238.7 149.2 466.8 162.7 32.3 71.3
200.8 122.4 –1.6
1,599.0 764.1 836.0
1,467.4 387.3 337.9 210.8 127.5 49.5
667.5
421.4
2.40 2.20 3.48
1,612.1 132.9 56.4
437.7 267.0 170.9 392.6 243.4 150.0 468.7 161.6 33.0 71.5
202.8 124.2 –1.6
1,612.1 769.7 843.4
1,479.4 392.6 343.7 215.9 128.4 49.2
671.6
422.8
2.40 2.20 3.50
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the change in private inventories component of GDP is stated at annual rates. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross output of general government, gross value added of nonprofit institutions, compensation paid to domestic
workers, and space rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises. NOTE. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained (2000) dollar inventory series are calculated to ensure that the chained (2000) dollar change in inventories for 2000 equals the current-dollar change in inventories for 2000 and that the average of the 1999 and 2000
end-of-year chain-weighted and fixed-weighted inventories are equal.
Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry [Index numbers, 2000=100]
Line
Seasonally adjusted
2002 2003 2004 2005 2006
IV I II III IV I II III IV I II III IV I II
Private inventories 1 ................................................... Farm ...................................................................................... Mining, utilities, and construction .......................................... Manufacturing........................................................................
Durable goods industries................................................... Nondurable goods industries.............................................
Wholesale trade .................................................................... Durable goods industries................................................... Nondurable goods industries.............................................
Retail trade ............................................................................ Motor vehicle and parts dealers ........................................ Food and beverage stores................................................. General merchandise stores ............................................. Other retail stores..............................................................
Other industries..................................................................... Addenda:
Private inventories............................................................. Durable goods industries .............................................. Nondurable goods industries ........................................
Nonfarm industries ............................................................ Wholesale trade ................................................................
Merchant wholesale trade ............................................. Durable goods industries .......................................... Nondurable goods industries ....................................
Nonmerchant wholesale trade ......................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15
16 17 18 19 20 21 22 23 24
100.424 109.470 102.761 99.257 98.154
100.968 99.788 97.458
103.311 99.684 97.608
103.367 100.872 100.149 99.220
100.424 97.919
102.645 99.597 99.788 99.926 97.543
103.645 98.991
101.923 108.846 114.041 101.239
99.055 104.605 101.076
97.665 106.175 100.355
98.368 104.516 101.160 100.788 100.682
101.923 98.492
104.962 101.289 101.076 100.854
97.758 105.630 102.554
101.549 109.954 112.504 100.656
98.864 103.432 100.480
97.726 104.622 100.095
97.599 105.626 101.436 100.501 100.200
101.549 98.324
104.408 100.783 100.480 100.653
97.826 105.030
99.452
102.519 120.495 110.756 100.710 98.868
103.564 101.142 98.064
105.756 99.979 96.542
107.316 101.619 100.741 100.412
102.519 98.240
106.309 100.889 101.142 101.281 98.171
106.080 100.329
103.406 121.560 109.679 102.170
99.670 106.018 102.905
99.012 108.702
99.995 95.401
108.889 102.021 101.319 100.393
103.406 98.622
107.642 101.760 102.905 102.973
99.152 108.819 102.553
105.226 124.894 116.085 104.510 102.471 107.661 104.923 101.030 110.722 100.623 95.746
109.572 102.436 102.255 100.389
105.226 100.478 109.431 103.441 104.923 104.970 101.214 110.730 104.710
107.054 127.849 120.858 107.378 104.972 111.088 106.205 102.268 112.073 101.477
96.372 111.329 102.974 103.261 101.096
107.054 102.152 111.397 105.162 106.205 106.046 102.455 111.563 107.305
108.011 121.229 122.500 110.841 108.218 114.880 107.185 103.919 112.028 102.172
97.181 111.090 103.172 104.192 101.719
108.011 104.161 111.407 106.813 107.185 106.711 104.147 110.619 110.309
109.126 120.313 128.172 112.431 109.277 117.281 108.200 104.775 113.293 102.943 97.979
111.765 103.713 105.033 102.842
109.126 105.056 112.722 108.110 108.200 107.563 105.013 111.461 112.390
110.381 122.939 129.681 114.103 110.085 120.277 109.307 104.928 115.890 103.628
97.943 113.171 104.398 106.216 103.638
110.381 105.541 114.673 109.241 109.307 108.503 105.150 113.688 114.616
110.624 120.598 134.400 114.140 109.263 121.633 109.667 104.487 117.512 103.996
98.318 113.506 104.804 106.577 104.568
110.624 105.158 115.486 109.715 109.667 108.688 104.690 114.917 116.152
112.835 123.857 144.613 117.161 110.501 127.422 111.427 105.078 121.113 104.745 98.748
113.448 105.236 107.836 106.060
112.835 105.881 119.046 111.833 111.427 109.814 105.297 116.886 122.160
114.369 126.709 162.533 118.596 111.721 129.193 112.278 105.825 122.137 104.909
97.666 114.670 105.842 108.676 106.444
114.369 106.541 121.377 113.248 112.278 110.761 106.067 118.131 122.378
115.022 131.303 150.009 119.993 113.688 129.701 113.052 106.870 122.471 105.399 98.143
113.712 106.366 109.397 106.386
115.022 107.808 121.467 113.548 113.052 111.585 107.126 118.562 122.809
117.227 131.154 143.673 124.142 117.833 133.854 116.561 109.362 127.603 106.518
98.661 114.824 107.214 111.094 108.057
117.227 110.257 123.446 115.964 116.561 114.518 109.660 122.148 130.284
1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks. NOTE. Estimates in this table are based on the North American Industry Classification System (NAICS).
135 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.8.3B. Real Gross Government Fixed Investment by Type, Table 5.8.4B. Price Indexes for Gross Government Fixed Investment Quantity Indexes by Type
[Index numbers, 2000=100] [Index numbers, 2000=100]
Line 2002 2003 2004 2005
Gross government fixed investment 1 ................................ Federal .........................................
National defense ....................... Nondefense...............................
State and local............................. Structures 2 .................................................
Federal ..................................................... National defense ...................................
New................................................... Residential .................................... Industrial ....................................... Military facilities 3 ..........................
Net purchases of used structures ..... Nondefense...........................................
New................................................... Residential .................................... Office............................................. Commercial................................... Health care.................................... Educational ................................... Public safety.................................. Amusement and recreation........... Transportation ............................... Power ............................................ Highways and streets.................... Conservation and development .... Other 4 ..........................................
Net purchases of used structures ..... State and local.........................................
New ....................................................... Residential ........................................ Office................................................. Commercial ....................................... Health care........................................ Educational ....................................... Public safety...................................... Amusement and recreation............... Transportation ................................... Power ................................................ Highways and streets ........................ Sewer systems.................................. Water systems .................................. Conservation and development ........ Other 5 ..............................................
Net purchases of used structures ......... Equipment and software 2..........................
Federal ..................................................... National defense ...................................
Aircraft............................................... Missiles ............................................. Ships ................................................. Vehicles............................................. Electronics and software ................... Other equipment ...............................
Nondefense........................................... State and local.........................................
Addenda: Government enterprise gross fixed
investment ........................................... Federal .................................................
Structures.......................................... Equipment and software ...................
State and local..................................... Structures.......................................... Equipment and software ...................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
57 58 59 60 61 62 63
110.178 112.675 116.065 107.334 109.355 109.349 101.451 83.909 83.917
114.984 106.224 70.749
................ 111.957 98.702
................ 85.346 58.468
106.285 192.281 75.876 59.868
148.506 405.455 92.704
118.258 92.896
................ 109.947 109.781 117.493 120.622 123.878 127.985 111.335 90.562
109.872 108.173 104.051 102.802 122.611 124.226 77.372
196.858 115.455 111.641 114.998 119.894 134.245 119.177 131.025 137.609 103.479 116.500 105.424 107.056
114.335 81.392 72.493 87.099
118.581 116.222 134.400
112.596 119.736 126.312 109.387 110.233 110.300 106.427
96.609 96.606
111.011 269.770
77.430 ................
112.271 101.045
................ 106.280
72.244 78.693
189.082 43.956 90.509 73.142
1,547.412 85.503
106.788 108.780
................ 110.595 110.208 113.513 115.182 105.714 131.645 113.221
76.644 92.900
113.082 152.800 100.523 131.692 123.967
76.218 306.311 125.146 116.755 122.512 129.809 133.022 122.835 141.978 165.867 113.241 130.094 108.199 108.869
125.261 96.108 85.576
102.863 129.065 125.518 153.055
113.210 127.622 138.370 110.674 108.488 106.884 96.691 88.381 88.381
103.772 196.876 74.078
................ 101.631 102.161
................ 133.818 144.436 74.071
170.181 29.250 37.696 96.238
1,149.425 113.909 103.614 93.050
................ 107.653 107.237 121.338 106.511 97.959
143.043 113.819 70.395 82.366
107.124 132.557 97.564
131.819 113.657 109.127 124.714 123.435 125.107 134.445 144.478 165.043 142.652 137.456 149.871 124.579 150.486 114.658 112.239
121.897 96.213 84.083
104.049 125.284 119.732 163.757
114.431 135.726 145.920 119.670 107.563 104.770
95.106 85.263 85.262
101.650 187.337
71.071 ...................
100.972 97.992
................... 128.533 134.160
65.521 104.574
24.277 29.705 82.764
1,035.337 70.761 98.469
193.814 ...................
105.501 105.054 124.511
90.854 87.245
152.952 113.462
70.905 78.233
100.064 148.106
94.437 131.909 112.382 147.637
81.145 122.540 133.146 144.848 153.436 200.755 151.840 125.840 217.174 141.432 146.192 128.100 116.965
121.699 103.821
73.538 124.719 124.209 117.853 168.840
Line 2002 2003 2004 2005
Gross government fixed investment 1 ................................ Federal.........................................
National defense....................... Nondefense ..............................
State and local ............................ Structures 2 .................................................
Federal ..................................................... National defense...................................
New .................................................. Residential.................................... Industrial ....................................... Military facilities 3..........................
Net purchases of used structures..... Nondefense ..........................................
New .................................................. Residential.................................... Office ............................................ Commercial .................................. Health care ................................... Educational................................... Public safety ................................. Amusement and recreation .......... Transportation............................... Power............................................ Highways and streets ................... Conservation and development .... Other 4..........................................
Net purchases of used structures..... State and local ........................................
New....................................................... Residential........................................ Office ................................................ Commercial ...................................... Health care ....................................... Educational....................................... Public safety ..................................... Amusement and recreation .............. Transportation................................... Power................................................ Highways and streets ....................... Sewer systems ................................. Water systems .................................. Conservation and development ........ Other 5 ..............................................
Net purchases of used structures......... Equipment and software 2 .........................
Federal ..................................................... National defense...................................
Aircraft .............................................. Missiles............................................. Ships................................................. Vehicles ............................................ Electronics and software .................. Other equipment...............................
Nondefense .......................................... State and local ........................................
Addenda: Government enterprise gross fixed
investment ........................................... Federal.................................................
Structures ......................................... Equipment and software...................
State and local .................................... Structures ......................................... Equipment and software...................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
57 58 59 60 61 62 63
102.610 98.416 97.835 99.364
104.081 106.387 106.030 106.463 106.463 107.563 106.288 105.957
................. 105.800 105.642
................. 105.364 106.300 106.365 106.857 106.324 106.518 106.368 106.297 106.370 103.573 107.022
................. 106.411 106.391 107.891 105.489 106.422 106.458 106.795 106.397 106.414 105.619 106.203 106.332 106.969 107.031 103.509 107.524 108.593 96.437 97.009 97.000 89.807 96.386
100.494 97.727 94.984
100.883 96.992 95.655
104.933 99.047
104.667 95.698
105.545 106.813 97.862
103.817 98.488 98.033 99.211
105.711 108.894 109.067 110.094 110.092 113.574 109.213 108.405
................. 108.553 108.398
................. 108.461 109.376 109.509 109.242 109.437 109.400 108.163 108.222 108.209 106.871 108.473
................. 108.880 108.806 113.935 108.528 109.667 109.670 109.252 109.667 109.623 108.351 108.112 108.166 108.579 108.509 107.017 112.737 113.222
95.588 96.559 96.918 89.392 99.387
101.718 98.209 92.342
101.246 95.701 94.212
106.497 98.430
107.290 93.530
107.315 108.958
97.637
107.736 99.994 99.911
100.007 110.587 115.179 114.151 115.424 115.422 122.423 114.149 112.017
................ 113.512 113.237
................ 115.312 115.392 115.471 115.114 115.263 115.245 109.064 110.282 109.012 111.985 111.213
................ 115.249 115.117 123.890 115.232 116.407 116.500 115.186 116.382 116.293 115.976 114.622 113.415 115.919 115.824 112.661 121.657 121.810 95.994 97.495 98.529 89.015
100.981 111.408 98.482 90.678
102.485 95.009 93.789
112.275 98.652
111.207 92.005
113.646 116.392 98.518
113.947 101.776 101.628 101.913 118.679 125.497 121.970 122.288 122.287 128.205 120.726 119.495
................. 121.819 121.437
................. 122.668 123.339 123.637 122.537 123.750 123.620 117.356 117.537 117.726 121.161 120.041
................. 125.737 125.702 128.904 127.121 123.959 123.964 124.257 123.990 124.006 126.913 120.493 128.650 122.621 122.586 121.588 125.858 128.907
96.580 98.436 99.901 86.839
102.142 118.372 99.263 89.167
105.822 94.902 93.793
118.982 100.995 119.341
91.980 120.811 124.826
99.820
1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing. 5. Consists of lodging, communication, and manufacturing.
1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing. 5. Consists of lodging, communication, and manufacturing.
136 Saving and Investment August 2006
Table 5.8.5B. Gross Government Fixed Investment by Type [Billions of dollars]
Line 2002 2003 2004 2005
Gross government fixed investment 1 .......... Federal .........................................................
National defense ....................................... Nondefense...............................................
State and local............................................. Structures 2..................................................................
Federal ..................................................................... National defense ...................................................
New ................................................................... Residential .................................................... Industrial ....................................................... Military facilities 3 ..........................................
Net purchases of used structures ..................... Nondefense ...........................................................
New ................................................................... Residential .................................................... Office............................................................. Commercial ................................................... Health care.................................................... Educational ................................................... Public safety .................................................. Amusement and recreation ........................... Transportation ............................................... Power ............................................................ Highways and streets .................................... Conservation and development..................... Other 4 ..........................................................
Net purchases of used structures ..................... State and local.........................................................
New ....................................................................... Residential ........................................................ Office................................................................. Commercial ....................................................... Health care........................................................ Educational ....................................................... Public safety ...................................................... Amusement and recreation ............................... Transportation ................................................... Power ................................................................ Highways and streets ........................................ Sewer systems .................................................. Water systems................................................... Conservation and development......................... Other 5 ..............................................................
Net purchases of used structures ......................... Equipment and software 2..........................................
Federal ..................................................................... National defense ...................................................
Aircraft............................................................... Missiles ............................................................. Ships ................................................................. Vehicles............................................................. Electronics and software ................................... Other equipment ...............................................
Nondefense ........................................................... State and local.........................................................
Addenda: Government enterprise gross fixed investment ...
Federal ................................................................. Structures.......................................................... Equipment and software ...................................
State and local..................................................... Structures.......................................................... Equipment and software ...................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
57 58 59 60 61 62 63
344.3 88.1 55.4 32.7
256.1 220.2
14.3 4.4 4.4 1.5 0.3 2.6 0.0 9.9 9.9
............. 1.4 0.5 0.9 0.8 1.3 0.4 0.6 0.3 0.6 2.5 0.7
–0.1 205.9 200.9
5.4 19.6 0.3 4.1
54.4 4.4 7.2
17.3 4.3
58.0 11.6 11.3 2.2 0.6 5.1
124.0 73.8 51.0 9.4 3.1 8.7 2.5 9.9
17.5 22.8 50.2
71.6 5.6 1.9 3.7
66.0 56.5 9.5
356.0 93.7 60.4 33.3
262.2 227.4 15.4
5.3 5.3 1.6 0.8 2.9 0.0
10.1 10.4
............. 1.8 0.6 0.7 0.8 0.8 0.6 0.3 1.2 0.5 2.3 0.8
–0.3 212.0 206.2
5.5 19.3
0.3 4.4
56.5 3.9 6.3
18.5 6.4
57.7 12.7 11.4
2.3 1.0 5.8
128.6 78.3 55.2
9.2 3.3 9.5 3.0
10.6 19.6 23.1 50.3
79.6 6.6 2.3 4.2
73.1 62.2 10.8
371.4 101.4
67.5 33.9
270.0 233.1
14.7 5.1 5.1 1.6 0.6 2.9 0.0 9.6
11.0 ............
2.4 1.3 0.7 0.7 0.6 0.3 0.4 0.9 0.7 2.4 0.7
–1.4 218.4 212.3
6.4 18.9 0.3 5.1
59.9 3.8 5.9
18.8 5.9
58.7 13.5 11.2 3.4 0.5 6.1
138.3 86.7 62.4 11.4 3.9
10.1 2.7
11.4 22.9 24.3 51.6
81.7 6.6 2.4 4.2
75.1 63.4 11.7
397.1 109.8 72.4 37.4
287.3 248.9 15.4
5.2 5.2 1.6 0.6 2.9 0.0
10.2 11.3
............. 2.5 1.2 0.6 0.5 0.5 0.2 0.4 0.9 0.5 2.4 1.6
–1.1 233.5 227.1
6.8 17.8
0.3 5.8
64.4 4.1 6.0
19.2 6.9
64.5 14.3 11.7
5.0 0.3 6.4
148.1 94.4 67.2 13.5 4.2 9.8 3.9
12.8 23.0 27.1 53.8
86.4 7.3 2.2 5.1
79.2 66.9 12.2
1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing. 5. Consists of lodging, communication, and manufacturing.
Table 5.8.6B. Real Gross Government Fixed Investment by Type, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003 2004 2005
Gross government fixed investment 1 ............ Federal...........................................................
National defense......................................... Nondefense ................................................
State and local .............................................. Structures 2 ...................................................................
Federal ....................................................................... National defense.....................................................
New..................................................................... Residential ...................................................... Industrial ......................................................... Military facilities 3............................................
Net purchases of used structures ....................... Nondefense ............................................................
New..................................................................... Residential ...................................................... Office .............................................................. Commercial .................................................... Health care ..................................................... Educational..................................................... Public safety ................................................... Amusement and recreation............................. Transportation................................................. Power.............................................................. Highways and streets ..................................... Conservation and development ...................... Other 4 ............................................................
Net purchases of used structures ....................... State and local ..........................................................
New......................................................................... Residential .......................................................... Office .................................................................. Commercial......................................................... Health care ......................................................... Educational ......................................................... Public safety........................................................ Amusement and recreation................................. Transportation ..................................................... Power.................................................................. Highways and streets.......................................... Sewer systems ................................................... Water systems .................................................... Conservation and development .......................... Other 5 ................................................................
Net purchases of used structures ........................... Equipment and software 2 ...........................................
Federal ....................................................................... National defense.....................................................
Aircraft ................................................................ Missiles ............................................................... Ships................................................................... Vehicles .............................................................. Electronics and software..................................... Other equipment.................................................
Nondefense ............................................................ State and local ..........................................................
Residual.......................................................................... Addenda:
Government enterprise gross fixed investment .... Federal ...................................................................
Structures ........................................................... Equipment and software .....................................
State and local ...................................................... Structures ........................................................... Equipment and software .....................................
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57
58 59 60 61 62 63 64
335.5 89.5 56.7 32.9
246.1 207.0 13.5
4.2 4.2 1.4 0.3 2.4 0.0 9.3 9.4
............ 1.3 0.4 0.8 0.7 1.3 0.4 0.6 0.3 0.5 2.4 0.6 0.0
193.5 188.8
5.0 18.6
0.3 3.9
50.9 4.2 6.8
16.4 4.0
54.5 10.9 10.5
2.1 0.6 4.7
128.6 76.1 52.6 10.4 3.2 8.6 2.5
10.5 17.3 23.5 52.5
0.2
68.3 5.7 1.8 3.8
62.6 52.9
9.8
342.9 95.1 61.7 33.5
248.1 208.8
14.1 4.8 4.8 1.4 0.8 2.7 0.0 9.3 9.6
............. 1.7 0.5 0.6 0.7 0.7 0.6 0.3 1.1 0.5 2.2 0.7
–0.2 194.7 189.5
4.8 17.8 0.3 4.0
51.8 3.5 5.8
17.1 5.9
53.3 11.7 10.5 2.1 0.9 5.1
134.5 81.1 56.9 10.3 3.3 9.3 3.0
11.5 19.3 24.2 53.4 –0.3
74.8 6.7 2.2 4.5
68.1 57.1 11.1
344.7 101.4
67.5 33.9
244.1 202.4
12.9 4.4 4.4 1.3 0.5 2.6 0.0 8.5 9.7
............ 2.1 1.1 0.6 0.6 0.5 0.2 0.4 0.8 0.7 2.1 0.6
–1.2 189.5 184.4
5.2 16.4
0.2 4.3
52.0 3.2 5.1
16.2 5.2
51.8 11.7
9.7 3.0 0.4 5.0
144.1 89.0 63.3 12.8 3.8 9.0 2.7
12.6 22.4 25.6 55.0 –1.5
72.8 6.7 2.1 4.6
66.1 54.5 11.9
348.5 107.9 71.2 36.7
242.1 198.4 12.6
4.2 4.2 1.3 0.5 2.4 0.0 8.4 9.3
............. 2.0 1.0 0.5 0.4 0.4 0.2 0.3 0.7 0.4 2.0 1.3
–0.9 185.7 180.7
5.3 14.0
0.2 4.7
51.9 3.3 4.8
15.1 5.8
50.1 11.7
9.5 4.1 0.2 5.0
153.4 95.8 67.3 15.6 4.1 8.3 4.0
14.3 21.7 28.6 57.3 –3.6
72.7 7.2 1.9 5.5
65.5 53.6 12.3
1. Consists of general government and government enterprise expenditures for fixed assets. 2. Structures and software include compensation of government employees engaged in new own-account
investment and related expenditures for goods and services. 3. Consists of Department of Defense new structures, except family housing. 4. Consists of lodging, religious, communication, sewage and waste disposal, water supply structures, and
manufacturing. 5. Consists of lodging, communication, and manufacturing. NOTE. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the
2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda.
137 August 2006 SURVEY OF CURRENT BUSINESS
Table 5.10. Capital Transfers (Net) [Billions of dollars]
Line 2002 2003 2004 2005
Capital transfers received by government (net)................................................................................ Federal ..............................................................................................................................................
Estate and gift taxes paid by persons ............................................................................................ Less: Capital transfers paid to persons 1 ....................................................................................... Less: Capital transfers paid to the rest of the world (net) 2............................................................ Less: Federal investment grants to State and local governments 3............................................... Less: Investment grants to business 4 ...........................................................................................
State and local ................................................................................................................................. Estate and gift taxes paid by persons ............................................................................................ Federal investment grants to State and local governments 3 ........................................................
Capital transfers received by the rest of the world (net) .................................................................. Capital transfers received from U.S. government (net) ...................................................................... Less: Migrants’ transfers received by persons (net) 5........................................................................
1 2 3 4 5 6 7 8 9
10 11 12 13
29.0 –23.1 25.3
3.6 0.2
44.6 0.0
52.1 7.4
44.6 1.4 0.2
–1.2
11.2 –40.4
22.0 14.8 1.9
45.5 0.2
51.6 6.1
45.5 3.4 1.9
–1.5
13.5 –38.4 24.6 16.1
0.7 46.3
0.0 51.9
5.7 46.3
2.2 0.7
–1.6
11.9 –42.0
25.0 15.9 2.3
48.7 0.0
53.9 5.2
48.7 4.3 2.3
–1.9
1. Beginning with October 2002, consists of payments to the Uniformed Services Retiree Health Care Fund to amortize the unfunded liability. 2. Consists of forgiveness of debts owed by foreign governments to the U.S. Government, and the December 1999 transfer to the Republic of Panama of the U.S. Government’s assets in the Panama
Canal Commission. 3. Consists of Federal Government investment grants for highways, transit, air and water transportation, and water treatment plants. 4. Consists of maritime construction subsidies paid by the Federal Government. 5. Consists of immigrants“transfers from the rest of the world, net of emigrants” transfers to the rest of the world.
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