Nonresidential fixed investment in the Gross National Product (GNP); consists of business outlays on long-lived productive facilities including office building and shopping center construction, as well as purchases of such long-lived items as trucks, office and farm equipment.

Amount spent on acquisition of fixed assets (equipment and machinery) and subsidiaries during the year, less government grants received. Shows the extent to which a company is replacing its fixed assets. By doing so, a company helps to ensure that it will have sufficient productive capacity in the future.

Money spent by businesses to purchase or upgrade equipment or facilities. It's one of the major components of economic growth, the other being consumer spending.