{"id":1004185634,"date":"2017-08-01T04:58:27","date_gmt":"2017-08-01T12:58:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004185634"},"modified":"2022-12-08T11:13:52","modified_gmt":"2022-12-08T19:13:52","slug":"economy-watch-nonresidential-construction-activity-still-brisk","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-construction-activity-still-brisk\/","title":{"rendered":"Economy Watch: Nonresidential Construction Activity Still Brisk"},"content":{"rendered":"<p>By D.C. Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004185638\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004185638\" data-attachment-id=\"1004185638\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-nonresidential-construction-activity-still-brisk\/abc-gdp_q2_2017\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg\" data-orig-size=\"610,369\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"ABC GDP_Q2_2017\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Nonresidential fixed investment, a category of GDP including nonresidential construction activity, expanded at a 5.2 percent seasonally adjusted annual rate. Source: Associated Builders and Contractors&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg?w=610\" class=\"wp-image-1004185638\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg\" alt=\"Nonresidential fixed investment, a category of GDP including nonresidential construction activity, expanded at a 5.2 percent seasonally adjusted annual rate. Source: Associated Builders and Contractors\" width=\"400\" height=\"242\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg 610w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/ABC-GDP_Q2_2017.jpg?resize=300,181 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004185638\" class=\"wp-caption-text\">Nonresidential fixed investment, a category of GDP including nonresidential construction activity, expanded at a 5.2 percent seasonally adjusted annual rate. Source: Associated Builders and Contractors<\/p><\/div>\n<p>Nonresidential fixed investment, a part of the U.S. economy that includes <a href=\"https:\/\/www.commercialsearch.com\/news\/construction-industry-backlog-up\/\">nonresidential construction activity<\/a>, expanded at a 5.2 percent annualized rate during the second quarter of 2017, according to the Bureau of Economic Analysis&#8217; report late last week. That follows a 7.2 percent expansion during the first quarter.<\/p>\n<p>The continued expansion in nonresidential fixed investment indicates that growth in business outlays support the ongoing economic recovery, now in its ninth year, according to Associated Builders and Contractors. The expansion of nonresidential fixed investment contributed more than sixth-tenths of a percentage point to GDP growth.<\/p>\n<h2>Equipment investment<\/h2>\n<p>This was due in large measure to an increase in investment in construction equipment. The other two components of nonresidential fixed investment\u2014investment in structures and intellectual property\u2014also expanded, but at a slower pace.<\/p>\n<p><em>\u201cThis was a good report from the perspective of the nation\u2019s nonresidential construction firms, particularly those primarily engaged in private as opposed to public construction,\u201d<\/em> said ABC Chief Economist Anirban Basu. <em>\u201cThe uptick in investment in construction equipment is particularly noteworthy because it signals a general belief that construction activity will continue to recover in America.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The continued expansion in nonresidential fixed investment signals that growth in business outlays supports the ongoing economic recovery, according to Associated Builders and Contractors. <\/p>\n","protected":false},"author":1023,"featured_media":1004185638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[33147,32931,32814],"class_list":["post-1004185634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-associated-builders-and-contractors","tag-bureau-of-economic-analysis","tag-gdp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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