Nonresidential construction spending is likely not as weak as it seems

Eirik E. Brandsaas, Daniel Garcia, Joseph B. Nichols and Kyra Sadovi
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Eirik E. Brandsaas: https://www.federalreserve.gov/econres/eirik-e-brandsaas.htm
Joseph B. Nichols: https://www.federalreserve.gov/econres/joseph-b-nichols.htm

No 2023-03-24-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Unlike any other major component of GDP, private investment in nonresidential structures excluding drilling and mining (henceforth "NRS") has steadily declined since the start of 2020. Figure 1 shows the evolution of GDP as well as the main components of private domestic final demand since 2019.

Date: 2023-03-24
New Economics Papers: this item is included in nep-des
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-03-24-1

DOI: 10.17016/2380-7172.3283

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