Industry > Furniture & related product manufacturing > Total capital expenditures (vs)
Industry > Furniture & related product manufacturing > Value added
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Strength of correlation (R squared): 0.819 (this correlation is strong)
Represents the total new and used capital expenditures reported by establishments in operation and any known plants under construction.
This measure of manufacturing activity is derived by subtracting the cost of materials, supplies, containers, fuel, purchased electricity, and contract work from the value of shipments (products manufactured plus receipts for services rendered). The result of this calculation is adjusted by the addition of value added by merchandising operations (i.e., the difference between the sales value and the cost of merchandise sold without further manufacture, processing, or assembly) plus the net change in finished goods and work-in-process between the beginning- and end-of-year inventories.
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