WASHINGTON, March 12, 2014 /PRNewswire-USNewswire/ -- These data, based on the 2007 North American Industry Classification System, estimate business spending in 2012 for new and used structures and equipment at the sector level, as well as for three-digit and selected four-digit industries. The data provide a relevant, timely and accurate measure of current business conditions. These statistics are an important input for federal agencies constructing composite national economic measures, such as the Bureau of Economic Analysis' estimates of private-fixed investments, a major component of gross domestic product; the Bureau of Labor Statistics' estimates of capital stocks for productivity analysis; and the Federal Reserve Board's Flow of Funds accounts. Detailed data by types of structures and types of equipment collected in 2012 will be released at the end of March.
Internet address: http://www.census.gov/econ/aces/xls/2012/full_report.html.
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SOURCE U.S. Census Bureau