About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  

Sponsored By

Software Reviews
Continuing Series
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By

Product Reviews
Partner Sites







Spatial Media LLC properties




  The American Surveyor     

Nonresidential Fixed Investment Expanded 3.8 Percent During Fourth Quarter of 2013 Print E-mail
Written by Associated Builders and Contractors   
Thursday, 30 January 2014

"Economic momentum developed over the course of the year and 2013's final six months were reasonably encouraging." —ABC Chief Economist Anirban Basu.

Nonresidential fixed investment expanded 3.8 percent while residential fixed investment fell 9.8 percent during the fourth quarter of 2013, according to a Jan. 30 release by the Bureau of Economic Analysis. Overall, real gross domestic product (GDP) expanded 3.2 percent following a 4.1 percent increase in the third quarter.

"Due to tax increases, sequestration and a still-sluggish global economy, 2013 will not go down in history as a great year for the U.S. economy," said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. "After expanding 2.8 percent in 2012, the economy only expanded 1.9 percent in 2013. That said, economic momentum developed over the course of the year and 2013's final six months were reasonably encouraging.

"Fixed investment in nonresidential structures actually declined 1.2 percent during the fourth quarter of 2013, a reflection of the soft economic environment that prevailed earlier in the year," said Basu. "Because investment in nonresidential structures typically lags the performance of the overall economy by six to 18 months, the implication of today's report is that nonresidential fixed investment in structures will gather momentum over the course of 2014, which is precisely what ABC has been forecasting."

The following segments expanded during the fourth quarter and/or contributed to GDP:

•Personal consumption expenditures added 2.26 percent to GDP after contributing 1.36 percent in the third quarter.

•Real final sales of domestically produced output–minus changes in private inventories–increased 1.7 percent for the quarter after a 2.6 percent increase in the third quarter.

•Spending on goods grew 1.12 percent.

•Growth in real private inventories contributed 0.42 percent to GDP growth during the fourth quarter after adding 1.67 percent in the third.

•State and local government spending expanded 0.06 percent during the fourth quarter following a 0.19 percent increase during the prior quarter.

A number of key segments did not experience growth for the quarter:

•Federal government spending fell 12.6 percent in the fourth quarter following a 1.5 percent decrease in the prior quarter.

•National defense spending fell 14 percent after falling 0.5 percent in the third quarter.

•Non-defense spending fell 10.3 percent after decreasing 3.1 percent in the previous quarter.

To view the previous GDP report, click HERE

< Prev   Next >


Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
contact Amerisurv


Javad Intros
Total Solution

press [at] amerisurv.com
Online Internet Content


News Feeds

Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.


Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 



The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-695-1538 - fax