by Calculated Risk on 5/05/2008 08:49:00 PM
Monday, May 05, 2008
Key Components of Non-Residential Investment, Nominal Dollars
This morning I posted a graph of three key components of non-residential structure investment - office buildings, multimerchandise shopping, and lodging - as a percent of GDP.
Click on graph for larger image.
This graph shows the same information, except this graph is in nominal dollars (as opposed to a percent of GDP).
Note: data from the BEA. The BEA started breaking out office and multimerchandise shopping in 1997.
The possible investment bottoms, discussed in the earlier post, are marked in red, green and blue and labeled "possible bottom".
Note that the Fed Loan survey released earlier today supports this CRE investment bust forecast.