The BEA has released the underlying details for the Q1 initial GDP report this morning. The BEA reported that investment in non-residential structures decreased at a 9.7% annual pace in Q1. Investment in petroleum and natural gas exploration decreased in Q1 compared to Q4, and was down 24% year-over-year. This will probably collapse in Q2.
source https://thebtrader.com/2020/04/30/q1-2020-gdp-details-on-residential-and-commercial-real-estate/?utm_source=rss&utm_medium=rss&utm_campaign=q1-2020-gdp-details-on-residential-and-commercial-real-estate
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