Investment in equipment and software drives demand for manufacturing

05/22/2013

This week's excerpt from The Facts About Modern Manufacturing: Investment in equipment and software totaled $1.1 trillion in 2011, representing 8% of GDP (as measured in inflation-adjusted dollars). Inflation-adjusted investment in this area grew by an average annual rate of 5.4% from 1995 through 2011, greatly outpacing the average GDP growth rate of 2.4%. The strong growth in investment in equipment and software helps explain why productivity growth in the manufacturing sector has been strong. Manufacturing Facts

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