Other Economic Indicators - Machinery & Equipment Investment - High investment in machinery & equipment

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High investment in machinery & equipment

A good sign of a healthy economy

Ontario-based manufacturers are spending billions of dollars retooling - a clear indication of strong confidence in the economy.

Actual Projected

Source: Ontario Ministry of Finance: Ontario Economic Accounts, Q2 2007, October 2007; Budget 2007, March 2007 (10/2007)

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Machinery and Equipment Investment, 2003-2009
Year $Cdn Billions
Actual 2003 32.5
2004 33.3
2005 35.9
2006 38.3
Projected 2007* 40.8
2008* 43.2
2009* 45.4

NOTES:
* Numbers are rounded

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