![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVLjY4gmHaLWLpSbRp8i0mfbKS2xpxuOLtZlgxvYkAxdsV70Y6yG0oa-o5mXoANyhFkdynzQgnFZ9cPc2dZO9vGT_sihsVne5sz1xSEC1BtBHhfYzGaKT68h8H-yoqeIyi8a8Y/s400/bulltrip.jpg)
Easily the most notable features of today’s report are the significant declines to residential and non-residential fixed investment as well as to personal consumption expenditures and exports of both goods and services.
Fixed investment provided a significant drag on growth with non-residential investment declining -10.9% while residential investment declined -22.8%.
Making a positive contribution to GDP were significant declines to imports of goods and services slumping -15.1%.
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/AVvXsEhXQgsfKXetzepCZ_Y13x6lLUCvn7p3rzk8mCGCnCCyQxuiyqvCXyo7mNcaC5ht0efN3-kXxe_usec-Rvfepmvk8EHVHuR7cyHp_XhU3F6oT6RDnBU1s6mgK4V2Fluu7ZkzIf8Y/s400/GDP02092.jpg)