#### Preliminary data show no signs of an investment boom from the TCJA: Year-over-year change in real, nonresidential fixed investment, 2000Q1–2018Q1

Quarter | Year-over-year change |
---|---|

2000-I | 9.7 |

2000-II | 10.2 |

2000-III | 8.4 |

2000-IV | 8.2 |

2001-I | 3.7 |

2001-II | -1.8 |

2001-III | -4.1 |

2001-IV | -7.1 |

2002-I | -8.2 |

2002-II | -7.4 |

2002-III | -6.7 |

2002-IV | -5.1 |

2003-I | -2.9 |

2003-II | 0.8 |

2003-III | 3.5 |

2003-IV | 6.2 |

2004-I | 4.8 |

2004-II | 4.6 |

2004-III | 5.3 |

2004-IV | 6 |

2005-I | 8.6 |

2005-II | 7.7 |

2005-III | 6.8 |

2005-IV | 5 |

2006-I | 7.5 |

2006-II | 7.3 |

2006-III | 6.7 |

2006-IV | 6.9 |

2007-I | 4.9 |

2007-II | 5.6 |

2007-III | 6 |

2007-IV | 7.1 |

2008-I | 5.3 |

2008-II | 2.7 |

2008-III | -1.6 |

2008-IV | -8.9 |

2009-I | -15.5 |

2009-II | -17.7 |

2009-III | -16.5 |

2009-IV | -12.2 |

2010-I | -4.3 |

2010-II | 1.5 |

2010-III | 4.9 |

2010-IV | 8.1 |

2011-I | 6.8 |

2011-II | 6.1 |

2011-III | 8.7 |

2011-IV | 9 |

2012-I | 12.4 |

2012-II | 12.1 |

2012-III | 6.7 |

2012-IV | 5.2 |

2013-I | 3.5 |

2013-II | 2.3 |

2013-III | 3.4 |

2013-IV | 4.8 |

2014-I | 5.3 |

2014-II | 7 |

2014-III | 9.1 |

2014-IV | 6.1 |

2015-I | 4.8 |

2015-II | 3.2 |

2015-III | 1.1 |

2015-IV | 0.3 |

2016-I | -1.2 |

2016-II | -1.1 |

2016-III | -0.7 |

2016-IV | 0.7 |

2017-I | 3.5 |

2017-II | 4.3 |

2017-III | 4.6 |

2017-IV | 6.3 |

2018-1 | 6.8 |

**Source:** EPI analysis of data from table 1.1.3 from the National Income and Product Accounts (NIPA) from the Bureau of Economic Analysis (BEA).