saving and investment tables - bureau of economic analysis...118 august 2006 5. saving and...

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 ......................................


State and local.................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software................


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.......................................


State and local .................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software ................


State and local .................................. Addenda:


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.......................................


State and local .................................. Equipment and software ................................ Less: Consumption of fixed capital ................... Equals: Net equipment and software ................


State and local .................................. Addenda:


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


2002 2003 2004 2005 2006


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.


Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type

Line 2002 2003 2004 2005


2002 2003 2004 2005 2006


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 ..........................................


software..................................................... Computers and peripheral equipment ....... Software 2 ................................................. Other 3.......................................................

Industrial equipment ...................................... Transportation equipment.............................. Other equipment 4 .........................................


Permanent site .............................................. Single family .............................................. Multifamily..................................................

Other structures 5 .......................................... Equipment ........................................................


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



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


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



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


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



Table 5.3.5. Private Fixed Investment by Type [Billions of dollars]

Line 2002 2003 2004 2005


2002 2003 2004 2005 2006


Private fixed investment ............................. Nonresidential .....................................................

Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells............. Other structures 1..........................................


software..................................................... Computers and peripheral equipment....... Software 2 ................................................. Other 3 ......................................................

Industrial equipment...................................... Transportation equipment.............................. Other equipment 4.........................................


Permanent site .............................................. Single family .............................................. Multifamily .................................................

Other structures 5.......................................... Equipment ........................................................


software......................................................... Private fixed investment in new structures 6......


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



Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars [Billions of chained (2000) dollars]

Line 2002 2003 2004 2005


2002 2003 2004 2005 2006


Private fixed investment ............................. Nonresidential......................................................

Structures ........................................................ Commercial and health care ......................... Manufacturing................................................ Power and communication ............................ Mining exploration, shafts, and wells ............. Other structures 1 ..........................................


software..................................................... Computers and peripheral equipment 2 .... Software 3 ................................................. Other 4.......................................................

Industrial equipment ...................................... Transportation equipment.............................. Other equipment 5 .........................................


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.


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.................


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.






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




Medical buildings....................................... Multimerchandise shopping .......................... Food and beverage establishments............... Warehouses .................................................. Other commercial 2 .......................................

Manufacturing.................................................... Power and communication ................................



Petroleum and natural gas ............................ Mining............................................................


Air.............................................................. Land 3 .......................................................




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......


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


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.......................................





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 .................



Other structures ................................................ Manufactured homes .................................... Dormitories ................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures .................


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










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




Medical buildings....................................... Multimerchandise shopping .......................... Food and beverage establishments .............. Warehouses .................................................. Other commercial 2 .......................................

Manufacturing ................................................... Power and communication ................................



Petroleum and natural gas ............................ Mining ...........................................................


Air.............................................................. Land 3 .......................................................




Other structures ................................................ Manufactured homes .................................... Dormitories.................................................... Improvements ............................................... Brokers’ commissions on sale of structures Net purchases of used structures .................


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





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 ......................................


Power............................................................ Electric...................................................... Other power ..............................................



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.................



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




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.


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


Line 2002 2003 2004 2005


Nonresidential equipment and software ................... Information processing equipment and software.......


Medical equipment and instruments ..................... Nonmedical instruments........................................ Photocopy and related equipment......................... Office and accounting equipment..........................





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


Nonresidential equipment and software................... Information processing equipment and software ......

Computers, software, and communication............ Computers and peripheral equipment .............. Software 1......................................................... Communication equipment ...............................


Industrial equipment ................................................. Fabricated metal products .................................... Engines and turbines ............................................ Metalworking machinery....................................... Special industry machinery, n.e.c. ........................ General industrial, including materials handling,




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


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


Nonresidential equipment and software ................... Information processing equipment and software ......







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,




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


Table 5.6.5B. Change in Private Inventories by Industry [Billions of dollars]

Line 2002 2003 2004 2005


2002 2003 2004 2005 2006


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


2002 2003 2004 2005 2006


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.


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


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).


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


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:




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


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:




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).


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


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.





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




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



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.


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.

saving and investment tables - bureau of economic analysis...118 august 2006 5. saving and...

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