Investment performance in the last quarter was both a continuation of the healthy growth rate in equipment and software investment, which rose at a 17.4 percent annual rate, and a 13.3 percent growth rate in non-residential structures. The acceleration in the growth rate for equipment and software investment in the quarter puts it somewhat higher than its 10.0 percent rate over the last year. Some of this are likely erratic factors with the timing of investment, but equipment and software investment is likely to remain healthy. At 7.5 percent of GDP, this component is only modestly below its 8.0 percent pre-recession share.
For more, check out the latest GDP Byte.