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Discussion Paper

Nonresidential construction spending is likely not as weak as it seems


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.

https://doi.org/10.17016/2380-7172.3283

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/nonresidential-construction-spending-is-likely-not-as-weak-as-it-seems-20230324.html

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2023-03-24

Number: 2023-03-24-1