Increase in U.S. Industrial R&D Expenditures Reported for 2003 Makes Up For Earlier Decline

Accoring to the InfoBrief, companies spent $204 billion in current-year dollars on research and development performed in the United States during 2003 compared with $193.9 billion in 2002. In inflation-adjusted dollars, R&D expenditures in 2003 increased $6.2 billion (3.3 percent), following the decrease in 2002 of $11.0 billion.