[Economic Indicators July, 2008] [Page Number 9] [From the U.S. Government Publishing Office, www.gpo.gov] REAL GROSS PRIVATE DOMESTIC INVESTMENT In the second quarter of 2008, according to advance estimates, nonresidential fixed investment in chained (2000) dollars rose $8.2 billion (annual rate) and residential investment fell $15.9 billion. There was a decrease of $62.2 billion in inventories following a decrease of $10.2 billion in the first quarter. (Series revised.) ____________________________________________________________________________________________________________________________________________ [Billions of chained (2000) dollars; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Fixed investment Change in private ------------------------------------------------------------- inventories Gross Nonresidential ----------------------- Period private ------------------------------------ domestic Total Equipment Residential investment Total Structures and Total Nonfarm software -------------------------------------------------------------------------------------------------------------------------------------------------------- 1998 .................................................. 1,524.1 1,455.0 1,037.8 294.5 745.6 418.3 72.6 71.2 1999 .................................................. 1,642.6 1,576.3 1,133.3 293.2 840.2 443.6 68.9 71.5 2000 .................................................. 1,735.5 1,679.0 1,232.1 313.2 918.9 446.9 56.5 57.8 2001 .................................................. 1,598.4 1,629.4 1,180.5 306.1 874.2 448.5 -31.7 -31.8 2002 .................................................. 1,557.1 1,544.6 1,071.5 253.8 820.2 469.9 12.5 15.2 2003 .................................................. 1,613.1 1,596.9 1,081.8 243.5 843.1 509.4 14.3 14.0 2004 .................................................. 1,770.2 1,712.8 1,144.3 246.7 905.1 560.2 54.3 48.2 2005 r................................................. 1,873.5 1,829.8 1,226.2 249.8 989.6 595.4 38.9 39.1 2006 r................................................. 1,912.5 1,865.5 1,318.2 270.3 1,061.0 552.9 42.3 46.3 2007 r................................................ 1,809.7 1,808.5 1,382.9 304.6 1,078.9 453.8 -2.5 -3.7 2005:I r............................................... 1,869.1 1,790.5 1,200.4 253.1 956.6 582.1 74.6 79.5 II r............................................. 1,844.8 1,823.5 1,219.0 252.3 977.9 595.8 16.7 17.4 III r............................................ 1,862.8 1,847.2 1,237.1 246.2 1,006.5 601.7 11.0 6.2 IV r............................................. 1,917.3 1,858.0 1,248.2 247.4 1,017.4 602.0 53.5 53.2 2006:I r............................................... 1,946.3 1,895.2 1,295.2 256.5 1,056.6 596.5 45.9 45.4 II r............................................. 1,944.3 1,883.1 1,315.4 268.3 1,061.2 570.1 56.9 63.3 III r............................................ 1,917.8 1,860.0 1,332.7 277.4 1,066.4 536.7 53.3 59.9 IV r............................................. 1,841.6 1,823.7 1,329.3 279.1 1,059.9 508.4 13.1 16.4 2007:I r............................................... 1,795.9 1,807.8 1,340.4 286.6 1,060.0 486.4 -15.0 -10.7 II r............................................. 1,822.9 1,821.3 1,373.8 298.9 1,077.9 471.7 -2.8 -2.6 III r............................................ 1,838.7 1,817.0 1,402.9 313.2 1,087.5 445.3 16.0 19.2 IV r............................................. 1,781.3 1,788.2 1,414.7 319.7 1,090.1 411.6 -8.1 -20.6 2008:I r............................................... 1,754.7 1,762.4 1,423.1 326.4 1,088.6 383.0 -10.2 -17.9 II p............................................. 1,686.0 1,751.6 1,431.3 337.5 1,079.2 367.1 -66.2 -66.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- Note.--See p. 10 for further detail on fixed investment by type. Because of the formula used for calculating real GDP, the chained (2000) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. See Note., p.1. Source: Department of Commerce, Bureau of Economic Analysis.