by Mike ‘Mish’ Shedlock
Mish Talk
Real gross private domestic investment (not to be confused with income) is the measure of physical investment used in computing GDP.
Real GDPI measures investment in the private economy, not under the influence of massive amounts of relatively stable government spending. It is an indicator of the future productive capacity of the economy.
Real GPDI rebounded this quarter following three negative quarters, but the trend in investment remains historically weak if not outright recessionary.
Real GPDI – Percent Change From Previous Quarter