#### Still no evidence of an investment boom: Year-over-year change in real, nonresidential fixed investment, 2003Q1–2018Q4

Quarter | Real, nonresidential fixed investment |
---|---|

2003-I | -2.3% |

2003-II | 1.6% |

2003-III | 4.0% |

2003-IV | 6.8% |

2004-I | 5.2% |

2004-II | 4.9% |

2004-III | 5.7% |

2004-IV | 6.5% |

2005-I | 9.2% |

2005-II | 8.2% |

2005-III | 7.4% |

2005-IV | 6.1% |

2006-I | 8.0% |

2006-II | 8.2% |

2006-III | 7.8% |

2006-IV | 8.1% |

2007-I | 6.5% |

2007-II | 7.0% |

2007-III | 6.8% |

2007-IV | 7.3% |

2008-I | 5.8% |

2008-II | 3.8% |

2008-III | 0.2% |

2008-IV | -7.0% |

2009-I | -14.4% |

2009-II | -17.1% |

2009-III | -16.1% |

2009-IV | -10.3% |

2010-I | -2.3% |

2010-II | 4.1% |

2010-III | 7.5% |

2010-IV | 8.9% |

2011-I | 8.0% |

2011-II | 7.3% |

2011-III | 9.3% |

2011-IV | 10.0% |

2012-I | 12.9% |

2012-II | 12.6% |

2012-III | 7.2% |

2012-IV | 5.6% |

2013-I | 4.3% |

2013-II | 2.3% |

2013-III | 4.4% |

2013-IV | 5.4% |

2014-I | 5.4% |

2014-II | 7.6% |

2014-III | 8.0% |

2014-IV | 6.4% |

2015-I | 4.5% |

2015-II | 2.7% |

2015-III | 0.8% |

2015-IV | -0.7% |

2016-I | -0.5% |

2016-II | -0.1% |

2016-III | 0.8% |

2016-IV | 1.8% |

2017-I | 4.4% |

2017-II | 5.3% |

2017-III | 5.0% |

2017-IV | 6.3% |

2018-I | 6.7% |

2018-II | 7.1% |

2018-III | 6.8% |

2018-IV | 7.0% |

**Source:** EPI analysis of data from table 1.1.6 from the National Income and Product Accounts (NIPA) from the Bureau of Economic Analysis (BEA).