![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhRU_cZP6GUcXd1_EjJdCJLyua4M9AoaFh2_ynUJ9p1hl3EBXGDmt5TIV5F1tHx8vEE4yk3PHt2sBqzFiyZIoOkCp3Q-zrNs7j5u5Y85L_DgAJowruyBmu-w16qnrdof78zpXOgw/s280/bulltrip.jpg)
Looking at the report more closely it’s easy to see that the quarter was a disaster overall with huge double-digit declines to Durable Goods, Imports (actually a benefit) and Exports as well as Fixed Investment.
Fixed investment provided significant drags on growth with non-residential investment declining -21.1% and residential investment declining -28.8%.
The following chart shows real residential and non-residential fixed investment versus overall GDP since Q1 2003 (click for larger version).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1wxRkcyfObODExetvYs1Jy9Ai961IGD5W8weHvUjmXv7aM-Aqu4XGWTPz0JmsI8lipkpS-Ht5gk4RBC3fY3rjHrHx3y_FSlYQAcvlmLiaFhnsU5GJmIdiC5upJEIuE9IEE4IL-g/s280/gdp04082.jpg)