WASHINGTON—Investment in nonresidential structures contracted at an annual rate of 7.3% during the third quarter of 2021 and has now contracted during seven of the past eight quarters, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The overall economy expanded at a 2.0% annualized rate during the third quarter of 2021.
Increases in private inventory investment, personal consumption expenditures, state and local government spending and spending on equipment drove GDP growth.
Investment in nonresidential structures contracted at an annual rate of 7.3% during the third quarter of 2021 and has now contracted during seven of the past eight quarters, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The overall economy expanded at a 2.0% annualized rate during the third quarter of 2021.
Increases in private inventory investment, personal consumption expenditures, state and local government spending and spending on equipment drove GDP growth.
Investment in nonresidential structures contracted at an annual rate of 7.3% during the third quarter of 2021 and has now contracted during seven of the past eight quarters, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Economic Analysis. The overall economy expanded at a 2.0% annualized rate during the third quarter of 2021.
Increases in private inventory investment, personal consumption expenditures, state and local government spending and spending on equipment drove GDP growth.
