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Small Businesses Steady on Capital Spending

Date: 02/16/2006 | Category: Business | Author: Diana Heeb Bivona

According to the National Federation of Independent Business (NFIB), capital spending over the past six months has remained strong, with 62% of all firms reporting outlays, a decline of only one point from December.

Specific category spending breakdown:

  • 46% purchased new equipment
  • 25% acquired vehicles
  • 13% improved or expanded facilities
  • 15% spent on new fixtures and furniture
  • 8% acquired new buildings or land.
  • Wholesale trades led the capital spending push with 49%, followed by manufacturers at 40% and agricultural firms at 37%.   Companies planning capital expenditures early in the year fell a point to 32%. The number of those surveyed who view the current period as a good time to expand facilities slipped a point from December to 20%.

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