Nonresidential Fixed Investment Expands 5.5% During Robust Q2 2014
Nonresidential fixed investment expanded 5.5% and residential fixed investment expanded 7.5% during the second quarter of 2014, according to a July 30 release by the Bureau of Economic Analysis.
Overall, real gross domestic product (GDP) increased 4% (seasonally adjusted annual rate) during the second quarter of 2014 following a 2.1% decrease (revised from -2.9%) in the first quarter.