Fundamental: Nonresidential construction spending is likely not as weak as it seems

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. In the first half of 2020, spending declined across the board, ...     Alert Mar 25, 2023, 8:58pm Fundamental: Nonresidential construction spending is likely not as weak as it seems 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. In the first half of 2020, spending declined across the board, ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support