Real nonresidential fixed investment decreased 19.1 percent in the fourth quarter, compared with a decrease of 1.7 percent in the third. Nonresidential structures decreased 1.8 percent, in contrast to an increase of 9.7 percent. Equipment and software decreased 27.8 percent, compared with a decrease of 7.5 percent. Real residential fixed investment decreased 23.6 percent, compared with a decrease of 16.0 percent.

Real exports of goods and services decreased 19.7 percent in the fourth quarter, in contrast to an increase of 3.0 percent in the third. Real imports of goods and services decreased 15.7 percent, compared with a decrease of 3.5 percent.

Real federal government consumption expenditures and gross investment increased 5.8 percent in the fourth quarter, compared with an increase of 13.8 percent in the third. National defense increased 2.1 percent, compared with an increase of 18.0 percent. Nondefense increased 14.5 percent, compared with an increase of 5.1 percent. Real state and local government consumption expenditures and gross investment decreased 0.5 percent, in contrast to an increase of 1.3 percent.

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