|4th Quarter 2011 GDP: Nonresidential Fixed Investment Up 1.7 Percent|
|Written by Delphos|
|Wednesday, October 31, 2012 2:46 PM|
“The slowdown in investment in structures is associated with the soft patch of economic growth that characterized much of last year.” --ABC Chief Economist Anirban Basu.
Nonresidential fixed investment increased 1.7 percent in the fourth quarter of 2011 following a revised 15.7 percent increase in the previous quarter according to the Jan. 27 Gross Domestic Product (GDP) report by the Department of Commerce.
Nonresidential fixed investment in structures fell 7.2 percent for the quarter after increasing 14.4 percent in the third quarter, and 22.6 percent in the second quarter of last year. Nonresidential fixed investment in equipment and software was up 5.2 percent in the fourth quarter following a 16.2 percent increase in the third quarter.
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|Last Updated on Monday, November 05, 2012 6:55 PM|