Key U.S. Business Spending Trends Reveal Increase in Temp Labor Spending
Raw materials/manufactured goods, information technology, professional services, personnel supply services and rent are top spending categories in Visa CCE survey
- Manufacturing $1.96 trillion (26 percent)
- Wholesale trade $1.70 trillion (22 percent)
- Retail trade $1.25 trillion (16 percent)
- Finance/insurance $662 billion (9 percent)
- Information $505 billion (7 percent)
|
Spending Category |
Transaction Volume (billion) |
% Share of CCE |
% Increase over 2005 |
|
Core Business Services |
$2,965 |
38.8 |
5.7 |
|
Maintenance/Operations |
$2,427 |
31.8 |
7.3 |
|
Raw Materials/Mfg. Goods |
$1,229 |
16.1 |
2.6 |
|
Rent |
$362 |
4.7 |
16.8 |
|
Travel/Entertainment |
$164 |
2.2 |
7.2 |
|
Capital Equipment |
$91 |
1.2 |
16.7 |
|
Other Spending |
$398 |
5.2 |
5.8 |
|
Total |
$7,636 |
100 |
|
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