Slack investment follows from slack aggregate demand: Relationship between growth in nonresidential fixed investment and all other components of GDP, 1948–2016

x y
16.7% 6.6%
13.7% 7.5%
9.1% 7.5%
4.8% 5.5%
1.7% 2.1%
3.4% 1.7%
1.4% 0.5%
2.4% 2.1%
0.2% 3.0%
-6.1% 2.1%
-9.4% 3.2%
-12.5% 0.4%
-6.3% -2.3%
2.7% -0.9%
9.2% 1.0%
13.0% 4.1%
8.8% 8.0%
9.2% 9.3%
7.7% 6.0%
3.2% 4.2%
3.2% 4.6%
-1.8% 1.5%
-1.0% 2.5%
1.7% 0.7%
5.1% -0.5%
8.5% 2.0%
9.1% 3.3%
9.3% 6.6%
5.8% 7.5%
4.0% 6.5%
4.4% 5.6%
6.0% 4.1%
9.4% 3.5%
11.3% 3.8%
10.5% 4.7%
11.0% 4.7%
10.2% 5.7%
15.0% 5.7%
16.5% 4.9%
16.9% 4.6%
19.0% 4.4%
16.5% 4.4%
14.3% 5.1%
11.8% 7.2%
7.5% 7.5%
1.4% 6.6%
-0.5% 5.4%
-2.0% 4.2%
0.1% 3.1%
4.7% 3.0%
3.8% 3.4%
5.4% 3.1%
6.1% 3.8%
5.7% 5.8%
8.0% 5.4%
9.0% 4.9%
5.6% 4.4%
2.2% 2.5%
0.5% 2.2%
-1.5% 1.7%
-4.2% 0.1%
-2.7% 0.2%
-0.7% 0.7%
-0.6% 0.4%
4.8% 3.6%
7.3% 3.8%
7.6% 3.6%
8.6% 4.4%
11.7% 3.0%
12.8% 5.0%
15.0% 5.1%
15.1% 6.3%
10.7% 6.9%
6.2% 5.2%
2.1% 3.5%
-0.5% 3.2%
-3.8% 0.0%
-8.9% -0.4%
-11.1% -0.6%
-9.0% -1.6%
-5.3% -1.3%
2.2% -0.4%
5.9% 2.3%
7.0% 3.8%
7.8% 6.7%
9.5% 6.2%
11.0% 4.7%
10.8% 3.9%
12.0% 2.4%
9.0% 3.6%
14.8% 5.1%
16.3% 4.1%
16.5% 3.5%
18.0% 5.1%
9.3% 3.9%
8.8% 5.4%
5.6% 5.0%
4.4% 1.7%
0.1% 1.4%
-2.3% 0.6%
-0.4% 1.0%
0.7% -0.8%
7.1% -1.4%
8.7% 0.2%
8.9% 2.2%
4.3% 2.5%
-0.8% 3.8%
-6.0% 0.2%
-10.0% -3.4%
-8.9% -1.0%
-4.5% -1.9%
2.8% 0.2%
11.1% 3.4%
15.9% 4.7%
19.4% 6.3%
18.1% 7.4%
14.0% 7.5%
11.8% 6.3%
8.3% 5.3%
3.9% 4.4%
3.3% 3.5%
1.2% 3.0%
-2.2% 4.4%
-2.2% 4.5%
-3.1% 4.7%
-4.4% 4.7%
-0.4% 4.0%
3.7% 3.9%
2.6% 3.8%
5.7% 4.0%
5.9% 3.3%
3.6% 4.8%
5.2% 4.1%
6.0% 4.3%
5.1% 4.3%
7.1% 3.7%
4.7% 4.1%
4.4% 3.6%
1.7% 3.5%
-0.3% 2.5%
-0.8% 2.7%
-4.0% 2.6%
-3.3% 2.0%
-4.8% 0.9%
-3.3% -0.4%
-1.8% -0.1%
2.1% 0.6%
4.6% 1.9%
7.4% 3.5%
8.7% 3.4%
7.3% 3.7%
6.6% 4.0%
7.6% 2.6%
7.8% 2.2%
7.3% 1.8%
8.2% 2.0%
8.6% 2.9%
11.4% 3.8%
10.8% 3.8%
9.7% 3.6%
7.6% 2.4%
6.3% 1.3%
8.1% 1.8%
10.7% 1.5%
11.3% 2.1%
11.1% 3.5%
10.4% 3.2%
11.9% 3.5%
10.0% 3.6%
10.9% 3.4%
12.2% 3.6%
9.0% 3.6%
11.3% 3.7%
10.3% 2.8%
9.5% 3.4%
10.9% 4.0%
8.3% 4.0%
9.8% 3.9%
10.4% 3.6%
8.5% 4.1%
8.4% 3.3%
3.9% 4.5%
-1.7% 3.4%
-4.0% 2.0%
-7.0% 2.1%
-8.2% 1.4%
-7.3% 1.3%
-6.6% 1.4%
-5.0% 3.0%
-2.8% 2.8%
1.0% 3.6%
3.6% 3.1%
6.3% 2.3%
4.9% 2.2%
4.7% 3.2%
5.5% 4.1%
6.2% 4.4%
8.6% 4.2%
7.8% 3.2%
6.8% 2.7%
5.0% 3.0%
7.7% 2.8%
7.5% 2.9%
6.8% 2.8%
7.0% 2.6%
4.9% 2.3%
5.7% 1.5%
6.0% 1.7%
7.1% 0.7%
5.4% 1.1%
2.8% 1.8%
-1.4% 1.1%
-8.5% 0.5%
-15.0% 0.6%
-17.5% -0.1%
-16.2% -1.8%
-11.7% -1.6%
-4.2% -2.0%
1.8% -1.3%
5.1% 1.4%
8.1% 2.4%
6.9% 2.9%
6.2% 2.8%
9.0% 2.1%
9.2% 1.3%
12.5% 1.1%
12.2% 0.2%
6.8% 0.8%
5.3% 1.5%
3.6% 1.2%
2.3% 1.8%
3.4% 0.7%
4.8% 1.0%
5.3% 0.9%
6.2% 1.5%
7.7% 2.4%
5.1% 1.2%
3.7% 1.9%
2.5% 2.2%
1.4% 2.1%
0.9% 3.3%
-0.3% 3.1%
-0.5% 2.4%
-1.2% 2.0%
-0.4% 1.9%
1.1% 1.5%
1.2% 1.9%

Source: Data from tables 1.1.5 and 1.1.6 from the Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA).

View the underlying data on epi.org.