![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-4JQntp9YbO9nJrxZbpBhnQQa21UKnA8yY84QYAFt5iIVep6IUlLzqExoyuagsDDcLu3GwdbMbt627MYpE2A12YQ0uEqHaWDthtOjhzu-OGdiDrQGvBgFu-Yeh-ivYLJc_ZLa/s400/bulltrip.jpg)
Easily the most notable features of today’s report are the stunning declines to residential and non-residential as well as exports of both goods and services.
Fixed investment provided significant drags on growth with non-residential investment declining a whopping -37.3% and residential investment plunging -38.8% while exports of goods and services declined -30.6%.
Making a positive contribution to GDP were equally stunning declines to imports of goods and services slumping -36.4% (with and over 40% decline to the import of goods) as well as positive personal consumption expenditures increasing 1.4%.
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/AVvXsEh1RrSVZWYJjATU1v1IbiiZAI4Ix2zXH7Kgktxf5oabLyNLvpOCIvnJtwVC8xwUGh_dNLGxa8mx-nI3b6FcGElEStYOnr7_vyNw8Vd46PxDmvlJ_dDvRYbVuDrhchqDFtXOwuys/s400/gdp01093.jpg)