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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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