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

Related Summaries