Capital expenditures for new and used plant and equipment

{
  "id": "MLC-T-ECS-000216",
  "term": "Capital expenditures for new and used plant and equipment",
  "field": "Economic statistics",
  "definition": "Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction. These data include expenditures for:\n\n• Permanent additions and major alterations to manufacturing and mining establishments.\n\n• New and used machinery and equipment used for replacement and additions to plant capacity, if they are of the type for which depreciation, depletion, or (for mining establishments) Office of Minerals Exploration accounts are ordinarily maintained. In addition, for mining establishments, these data include expenditures made during the year for development and exploration of mineral properties. For manufacturing establishments, these data are broken down into three types.\n\n• Automobiles, trucks, etc. for highway use. These include vehicles acquired under a lease purchase agreement and excludes vehicles leased or normally designed to transport materials, property, or equipment on mining, construction, petroleum development, and similar projects. These vehicles are of such size or weight as to be normally restricted by state laws or regulations from operating on public highways. It also excludes purchases of vehicles that are purchased by a company for highway use.\n\n• Computers and peripheral data processing equipment. This item includes all purchases of computers and related equipment.\n\n• All other expenditures for machinery and equipment excluding automobiles and computer equipment. Capital expenditures include work done by contract, as well as by the establishment's own workforce. These data exclude expenditures for land and mineral rights and cost of maintenance and repairs charged as current operating expenses.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/capital-expenditures-for-new-and-used-plant-and-equipment/"
}