[Economic Indicators December, 1998]
[Page Number 9]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
REAL GROSS PRIVATE DOMESTIC INVESTMENT

In the third quarter of 1998, according to revised estimates, 
nonresidential fixed investment in chained (1992) dollars fell $1.7 
billion (annual rate) and residential investment rose $7.4 billion. 
There was an increase of $55.7 billion in inventories following an 
increase of $38.2 billion in the second quarter.
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                                [Billions of chained (1992) dollars; quarterly data at seasonally adjusted annual rates]
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                                                                                           Fixed investment                         Change in business
                                                                    -------------------------------------------------------------       inventories
                                                            Gross                          Nonresidential                        -----------------------
                         Period                            private              ------------------------------------
                                                          domestic      Total                            Producers'  Residential
                                                         investment                 Total    Structures    durable                   Total      Nonfarm
                                                                                                          equipment
--------------------------------------------------------------------------------------------------------------------------------------------------------
1990...................................................       815.0       805.8       585.2       203.3       381.9        220.6        10.4         7.8
1991...................................................       738.1       741.3       547.7       181.6       366.2        193.4        -3.0        -1.2
1992...................................................       790.4       783.4       557.9       169.2       388.7        225.6         7.0         2.0
1993...................................................       863.6       842.8       600.2       170.8       429.6        242.6        22.1        29.5
1994...................................................       975.7       915.5       648.4       172.5       476.8        267.0        60.6        49.0
1995...................................................       996.1       966.0       710.6       180.7       531.7        256.8        27.7        37.7
1996...................................................     1,084.1     1,050.6       776.6       189.7       589.8        275.9        30.0        23.2
1997...................................................     1,206.4     1,138.0       859.4       203.2       660.9        282.8        63.2        58.8
 
1994:III...............................................       972.2       922.7       653.2       174.0       480.0        269.4        49.7        38.2
      IV...............................................     1,003.0       938.5       672.9       175.0       499.1        265.9        63.6        58.7
 
1995:I.................................................     1,013.5       957.1       698.4       179.5       520.4        259.9        54.3        62.5
      II...............................................       982.0       957.8       710.2       181.7       529.9        249.5        21.7        36.7
      III..............................................       983.4       965.8       711.7       181.5       531.8        255.6        14.7        30.6
      IV...............................................     1,005.4       983.1       722.3       179.8       544.8        262.1        20.1        20.8
 
1996:I.................................................     1,029.3     1,011.4       744.8       182.6       565.0        268.0        14.4        10.4
      II...............................................     1,072.8     1,043.5       764.4       185.9       581.6        280.2        26.1        15.2
      III..............................................     1,118.1     1,067.1       790.1       189.9       604.0        279.0        47.5        38.6
      IV...............................................     1,116.1     1,080.4       807.0       200.6       608.8        276.3        32.1        28.7
 
1997:I.................................................     1,156.6     1,096.0       820.9       202.5       621.0        278.4        56.3        56.2
      II...............................................     1,211.3     1,127.0       848.2       199.3       653.8        282.5        79.0        72.1
      III..............................................     1,215.8     1,159.3       882.2       205.2       682.6        282.3        51.0        44.0
      IV...............................................     1,241.9     1,169.5       886.2       205.7       686.4        287.9        66.5        62.7
 
1998:I.................................................     1,321.8     1,224.9       931.9       203.1       738.8        298.5        91.4        85.9
      II ..............................................     1,306.5     1,264.1       960.4       201.9       771.3        309.1        38.2        29.9
      III r............................................     1,331.6     1,270.9       958.7       202.0       769.3        316.5        55.7        47.0
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    Note.--See p. 10 for further 
detail on fixed investment by type.
    Because of the formula used for 
calculating real GDP, the chained 
(1992) dollar estimates for the 
detailed components do not add to 
the chained-dollar value of GDP or 
to any intermedi- 
    ate aggregates.

    Source: Department of Commerce, 
Bureau of Economic Analysis.