Wednesday, February 25, 2009

Private and Public Investment 2009 (Intentions)

(Statistics Canada)

Investments in non-residential construction and machinery and equipment are expected to total $237.5 billion in 2009, down 6.6% from 2008. While public sector capital spending is expected to increase 9.5%, private sector investment is anticipated to fall by 13.1%, mainly due to the mining and oil and gas extraction industry. Investment intentions in the mining and oil and gas extraction sector total $44.9 billion, 26.4% less than in 2008.

Capital spending will decline primarily in Alberta and British Columbia.

Private sector investment is expected to drop 13.1% to $157.9 billion in 2009. The decrease is largely attributable to the mining and oil and gas extraction sector. If that sector had been excluded, the decline in private-sector investment would have been reduced by half.

In contrast, total public sector investment will be $79.6 billion, up 9.5% from 2008. As a result, the public sector share of total capital spending will climb from 28.6% in 2008 to 33.5% in 2009.

Charts and a link to the data files can be found here.