PLANETARYINSIGHTS

    Real GDP growth 2026 full year 2.1 2.4 ▲ EIAReal GDP growth 2027 full year 2.6 2.8 ▲ EIAHeadline PCE inflation 2026 Q4 3.95 3.94 ▼ Cleveland FedHeadline CPI inflation 2026 Q4 4.24 4.40 ▲ Cleveland FedCore CPI inflation 2026 Q4 3.02 3.40 ▲ Cleveland FedCore PCE inflation 2026 Q4 3.33 3.38 ▲ Cleveland Fed

    U.S. business fixed investment growth

    Projected real growth in business fixed investment.

    United States · %99 extracted figures7 institutions4 comparable groups

    Revisions on this metric

    54 on record
    2026-09-29Deloitte 2026 full year · Annual growth6.1%→6.6%
    2026-02-01CBO 2025 Q3 · Quarterly SAAR1.963→3.179
    2026-02-01CBO 2025 Q4 · Quarterly SAAR0.838→2.228
    2026-02-01CBO 2025 full year · Annual growth4.043→4.09
    2026-02-01CBO 2026 Q1 · Quarterly SAAR3.4→3.332
    2026-02-01CBO 2026 Q2 · Quarterly SAAR3.465→3.815
    2026-02-01CBO 2026 Q3 · Quarterly SAAR3.435→4.156
    2026-02-01CBO 2026 Q4 · Quarterly SAAR3.409→4.15
    2026-02-01CBO 2026 full year · Annual growth2.895→3.592
    2026-02-01CBO 2027 Q1 · Quarterly SAAR3.289→3.714
    2026-02-01CBO 2027 Q2 · Quarterly SAAR2.889→3.405
    2026-02-01CBO 2027 Q3 · Quarterly SAAR2.773→3.277
    2026-02-01CBO 2027 Q4 · Quarterly SAAR2.333→3.295
    2026-02-01CBO 2027 full year · Annual growth3.139→3.716
    2026-02-01CBO 2028 Q1 · Quarterly SAAR1.846→3.021
    2026-02-01CBO 2028 Q2 · Quarterly SAAR1.611→2.672
    2026-02-01CBO 2028 Q3 · Quarterly SAAR1.52→2.527
    2026-02-01CBO 2028 Q4 · Quarterly SAAR1.507→2.553
    2026-02-01CBO 2028 full year · Annual growth2.009→2.97
    2025-09-01CBO 2025 Q3 · Quarterly SAAR2.259→1.963
    2025-09-01CBO 2025 Q4 · Quarterly SAAR2.707→0.838
    2025-09-01CBO 2025 full year · Annual growth2.593→4.043
    2025-09-01CBO 2026 Q1 · Quarterly SAAR2.287→3.4
    2025-09-01CBO 2026 Q2 · Quarterly SAAR2.798→3.465
    2025-09-01CBO 2026 Q3 · Quarterly SAAR2.964→3.435
    2025-09-01CBO 2026 Q4 · Quarterly SAAR2.978→3.409
    2025-09-01CBO 2026 full year · Annual growth2.581→2.895
    2025-09-01CBO 2027 Q1 · Quarterly SAAR2.641→3.289
    2025-09-01CBO 2027 Q2 · Quarterly SAAR2.977→2.889
    2025-09-01CBO 2027 Q3 · Quarterly SAAR2.723→2.773
    2025-09-01CBO 2027 Q4 · Quarterly SAAR2.68→2.333
    2025-09-01CBO 2027 full year · Annual growth2.83→3.139
    2025-09-01CBO 2028 Q1 · Quarterly SAAR2.446→1.846
    2025-09-01CBO 2028 Q2 · Quarterly SAAR2.338→1.611
    2025-09-01CBO 2028 Q3 · Quarterly SAAR2.156→1.52
    2025-09-01CBO 2028 Q4 · Quarterly SAAR2.117→1.507
    2025-09-01CBO 2028 full year · Annual growth2.479→2.009
    2025-01-01CBO 2024 Q4 · Quarterly SAAR2.557→0.118
    2025-01-01CBO 2024 full year · Annual growth2.189→3.778
    2025-01-01CBO 2025 Q1 · Quarterly SAAR2.305→4.019
    2025-01-01CBO 2025 Q2 · Quarterly SAAR3.226→2.191
    2025-01-01CBO 2025 Q3 · Quarterly SAAR3.316→2.259
    2025-01-01CBO 2025 Q4 · Quarterly SAAR3.273→2.707
    2025-01-01CBO 2025 full year · Annual growth2.689→2.593
    2025-01-01CBO 2026 Q1 · Quarterly SAAR2.574→2.287
    2025-01-01CBO 2026 Q2 · Quarterly SAAR3.496→2.798
    2025-01-01CBO 2026 Q3 · Quarterly SAAR3.666→2.964
    2025-01-01CBO 2026 Q4 · Quarterly SAAR3.896→2.978
    2025-01-01CBO 2026 full year · Annual growth3.231→2.581
    2025-01-01CBO 2027 Q1 · Quarterly SAAR3.321→2.641
    2025-01-01CBO 2027 Q2 · Quarterly SAAR3.688→2.977
    2025-01-01CBO 2027 Q3 · Quarterly SAAR3.683→2.723
    2025-01-01CBO 2027 Q4 · Quarterly SAAR3.476→2.68
    2025-01-01CBO 2027 full year · Annual growth3.606→2.83

    2026 Q4 · Quarterly SAAR

    United States · 4 institutions
    2.98%4.56%5.80%CONSENSUSFEB 24MAY 25JUL 26Wells Fargo · 4.3% · 2026-07-30RBC · 4.0% · 2026-07-13Fannie Mae · 5.8% · 2026-07-10CBO · 4.15 · 2026-02-01CBO · 3.409 · 2025-09-01CBO · 2.978 · 2025-01-01CBO · 3.896 · 2024-02-01CBO 3.896

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Wells Fargo2026 Q4“Business Fixed Investment | 2026 4Q | 4.3” — U.S. Economic Forecast table · 2026 Q4 · source ↗2026-07-304.3%
    RBC2026 Q4“Non-Residential Investment | 2026 Q4 | 4.0” — U.S. Forecast Detail · 2026 Q4 · source ↗2026-07-134.0%
    Fannie Mae2026 Q4“Business Fixed Investment | 26.4 | 5.8” — Economic Forecast table · 2026 Q4 · source ↗2026-07-105.8%
    CBO2026 Q4“2026q4,real_nonres_fixed_invest_pct_change,4.15,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-014.15
    CBO2026 Q4“2026q4,real_nonres_fixed_invest_pct_change,3.409,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.409
    CBO2026 Q4“2026q4,real_nonres_fixed_invest_pct_change,2.978,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.978
    CBO2026 Q4“2026q4,real_nonres_fixed_invest_pct_change,3.896,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.896

    Readout

    Consensus
    4.56%
    Spread
    +1.80%
    Low
    4.00%
    High
    5.80%
    Reporting
    4
    Basis
    Quarterly SAAR

    2026 full year · Annual growth

    United States · 3 institutions
    2.58%6.13%8.20%CONSENSUSFEB 24MAY 25SEPT 26Deloitte · 6.6% · 2026-09-29Fannie Mae · 8.2 · 2026-09-11Deloitte · 6.1% · 2026-07-01CBO · 3.592 · 2026-02-01CBO · 2.895 · 2025-09-01CBO · 2.581 · 2025-01-01CBO · 3.231 · 2024-02-01CBO 3.231

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Deloitte2026 full year“We now expect it to grow by 6.6% this year and another 5.1% next year.” — Business investment section · source ↗2026-09-296.6%
    Fannie Mae2026 full year“| Business Fixed Investment | 9.5 | 7.3 | 3.2 | 2.4 | 10.6 | 8.5 | 10.4 | 3.4 | 5.2 | 4.9 | 4.4 | 3.9 | 5.6 | 8.2 | 4.6 |” — Table, Business Fixed Investment row, 2026 annual column · source ↗2026-09-118.2
    Deloitte2026 full year“Indeed, we have revised our outlook for fixed business investment growthto 6.1% in 2026, up from the 4% in our previous forecast.” — Baseline section · source ↗2026-07-016.1%
    CBO2026 full year“2026,real_nonres_fixed_invest_pct_change,3.592,projected” — economic_projections/calendar_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.592
    CBO2026 full year“2026,real_nonres_fixed_invest_pct_change,2.895,projected” — economic_projections/calendar_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-012.895
    CBO2026 full year“2026,real_nonres_fixed_invest_pct_change,2.581,projected” — economic_projections/calendar_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.581
    CBO2026 full year“2026,real_nonres_fixed_invest_pct_change,3.231,projected” — economic_projections/calendar_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.231

    Readout

    Consensus
    6.13%
    Spread
    +4.61%
    Low
    3.59%
    High
    8.20%
    Reporting
    3
    Basis
    Annual growth

    2027 full year · Annual growth

    United States · 3 institutions
    2.83%4.47%5.10%CONSENSUSFEB 24MAY 25SEPT 26Deloitte · 5.1% · 2026-09-29Fannie Mae · 4.6 · 2026-09-11CBO · 3.716 · 2026-02-01CBO · 3.139 · 2025-09-01CBO · 2.83 · 2025-01-01CBO · 3.606 · 2024-02-01CBO 3.606

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Deloitte2027 full year“We now expect it to grow by 6.6% this year and another 5.1% next year.” — Business investment section · source ↗2026-09-295.1%
    Fannie Mae2027 full year“| Business Fixed Investment | 9.5 | 7.3 | 3.2 | 2.4 | 10.6 | 8.5 | 10.4 | 3.4 | 5.2 | 4.9 | 4.4 | 3.9 | 5.6 | 8.2 | 4.6 |” — Table, Business Fixed Investment row, 2027 annual column · source ↗2026-09-114.6
    CBO2027 full year“2027,real_nonres_fixed_invest_pct_change,3.716,projected” — economic_projections/calendar_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.716
    CBO2027 full year“2027,real_nonres_fixed_invest_pct_change,3.139,projected” — economic_projections/calendar_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.139
    CBO2027 full year“2027,real_nonres_fixed_invest_pct_change,2.83,projected” — economic_projections/calendar_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.83
    CBO2027 full year“2027,real_nonres_fixed_invest_pct_change,3.606,projected” — economic_projections/calendar_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.606

    Readout

    Consensus
    4.47%
    Spread
    +1.38%
    Low
    3.72%
    High
    5.10%
    Reporting
    3
    Basis
    Annual growth

    2025 full year · Annual growth

    United States · 2 institutions
    2.59%3.54%4.09%CONSENSUSFEB 24JAN 25FEB 26CBO · 4.09 · 2026-02-01CBO · 4.043 · 2025-09-01J.P. Morgan · 3% · 2025-02-28CBO · 2.593 · 2025-01-01CBO · 2.689 · 2024-02-01CBO 2.689

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 full year“2025,real_nonres_fixed_invest_pct_change,4.09,projected” — economic_projections/calendar_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-014.09
    CBO2025 full year“2025,real_nonres_fixed_invest_pct_change,4.043,projected” — economic_projections/calendar_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-014.043
    J.P. Morgan2025 full year“Other signs point to an economy that’s in good shape. For instance, U.S. business and residential investment are both projected to increase around 3% despite elevated long-term interest rates.” — Section “What’s the US growth outlook?”, paragraph beginning “Other signs point to an economy” · source ↗2025-02-283%
    CBO2025 full year“2025,real_nonres_fixed_invest_pct_change,2.593,projected” — economic_projections/calendar_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.593
    CBO2025 full year“2025,real_nonres_fixed_invest_pct_change,2.689,projected” — economic_projections/calendar_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.689

    Readout

    Consensus
    3.54%
    Spread
    +1.09%
    Low
    3.00%
    High
    4.09%
    Reporting
    2
    Basis
    Annual growth

    2023 Q4 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2023 Q4“2023q4,real_nonres_fixed_invest_pct_change,2.64,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.64

    Readout

    Low
    2.64%
    High
    2.64%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2023 full year · Annual growth

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2023 full year“2023,real_nonres_fixed_invest_pct_change,4.379,projected” — economic_projections/calendar_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-014.379

    Readout

    Low
    4.38%
    High
    4.38%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2024 Q1 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2024 Q1“2024q1,real_nonres_fixed_invest_pct_change,1.15,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-011.15

    Readout

    Low
    1.15%
    High
    1.15%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2024 Q2 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2024 Q2“2024q2,real_nonres_fixed_invest_pct_change,1.818,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-011.818

    Readout

    Low
    1.82%
    High
    1.82%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2024 Q3 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2024 Q3“2024q3,real_nonres_fixed_invest_pct_change,2.361,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.361

    Readout

    Low
    2.36%
    High
    2.36%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2024 Q4 · Quarterly SAAR

    United States · 1 institution
    0.12%2.56%CONSENSUSFEB 24JUL 24JAN 25CBO · 0.118 · 2025-01-01CBO · 2.557 · 2024-02-01CBO 2.557

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2024 Q4“2024q4,real_nonres_fixed_invest_pct_change,0.118,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-010.118
    CBO2024 Q4“2024q4,real_nonres_fixed_invest_pct_change,2.557,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.557

    Readout

    Low
    0.12%
    High
    0.12%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2024 full year · Annual growth

    United States · 1 institution
    2.19%3.78%CONSENSUSFEB 24JUL 24JAN 25CBO · 3.778 · 2025-01-01CBO · 2.189 · 2024-02-01CBO 2.189

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2024 full year“2024,real_nonres_fixed_invest_pct_change,3.778,projected” — economic_projections/calendar_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-013.778
    CBO2024 full year“2024,real_nonres_fixed_invest_pct_change,2.189,projected” — economic_projections/calendar_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.189

    Readout

    Low
    3.78%
    High
    3.78%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2025 Q1 · Quarterly SAAR

    United States · 1 institution
    2.31%4.02%CONSENSUSFEB 24JUL 24JAN 25CBO · 4.019 · 2025-01-01CBO · 2.305 · 2024-02-01CBO 2.305

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 Q1“2025q1,real_nonres_fixed_invest_pct_change,4.019,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-014.019
    CBO2025 Q1“2025q1,real_nonres_fixed_invest_pct_change,2.305,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.305

    Readout

    Low
    4.02%
    High
    4.02%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2025 Q2 · Quarterly SAAR

    United States · 1 institution
    2.19%3.23%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.191 · 2025-01-01CBO · 3.226 · 2024-02-01CBO 3.226

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 Q2“2025q2,real_nonres_fixed_invest_pct_change,2.191,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.191
    CBO2025 Q2“2025q2,real_nonres_fixed_invest_pct_change,3.226,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.226

    Readout

    Low
    2.19%
    High
    2.19%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2025 Q3 · Quarterly SAAR

    United States · 1 institution
    1.96%3.18%3.32%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.179 · 2026-02-01CBO · 1.963 · 2025-09-01CBO · 2.259 · 2025-01-01CBO · 3.316 · 2024-02-01CBO 3.316

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 Q3“2025q3,real_nonres_fixed_invest_pct_change,3.179,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.179
    CBO2025 Q3“2025q3,real_nonres_fixed_invest_pct_change,1.963,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-011.963
    CBO2025 Q3“2025q3,real_nonres_fixed_invest_pct_change,2.259,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.259
    CBO2025 Q3“2025q3,real_nonres_fixed_invest_pct_change,3.316,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.316

    Readout

    Low
    3.18%
    High
    3.18%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2025 Q4 · Quarterly SAAR

    United States · 1 institution
    0.84%2.23%3.27%CONSENSUSFEB 24JAN 25FEB 26CBO · 2.228 · 2026-02-01CBO · 0.838 · 2025-09-01CBO · 2.707 · 2025-01-01CBO · 3.273 · 2024-02-01CBO 3.273

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 Q4“2025q4,real_nonres_fixed_invest_pct_change,2.228,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.228
    CBO2025 Q4“2025q4,real_nonres_fixed_invest_pct_change,0.838,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-010.838
    CBO2025 Q4“2025q4,real_nonres_fixed_invest_pct_change,2.707,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.707
    CBO2025 Q4“2025q4,real_nonres_fixed_invest_pct_change,3.273,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.273

    Readout

    Low
    2.23%
    High
    2.23%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2026 Q1 · Quarterly SAAR

    United States · 1 institution
    2.29%3.33%3.40%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.332 · 2026-02-01CBO · 3.4 · 2025-09-01CBO · 2.287 · 2025-01-01CBO · 2.574 · 2024-02-01CBO 2.574

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2026 Q1“2026q1,real_nonres_fixed_invest_pct_change,3.332,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.332
    CBO2026 Q1“2026q1,real_nonres_fixed_invest_pct_change,3.4,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.4
    CBO2026 Q1“2026q1,real_nonres_fixed_invest_pct_change,2.287,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.287
    CBO2026 Q1“2026q1,real_nonres_fixed_invest_pct_change,2.574,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-012.574

    Readout

    Low
    3.33%
    High
    3.33%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2026 Q2 · Quarterly SAAR

    United States · 1 institution
    2.80%3.81%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.815 · 2026-02-01CBO · 3.465 · 2025-09-01CBO · 2.798 · 2025-01-01CBO · 3.496 · 2024-02-01CBO 3.496

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2026 Q2“2026q2,real_nonres_fixed_invest_pct_change,3.815,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.815
    CBO2026 Q2“2026q2,real_nonres_fixed_invest_pct_change,3.465,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.465
    CBO2026 Q2“2026q2,real_nonres_fixed_invest_pct_change,2.798,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.798
    CBO2026 Q2“2026q2,real_nonres_fixed_invest_pct_change,3.496,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.496

    Readout

    Low
    3.81%
    High
    3.81%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2026 Q3 · Quarterly SAAR

    United States · 1 institution
    2.96%4.16%CONSENSUSFEB 24JAN 25FEB 26CBO · 4.156 · 2026-02-01CBO · 3.435 · 2025-09-01CBO · 2.964 · 2025-01-01CBO · 3.666 · 2024-02-01CBO 3.666

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2026 Q3“2026q3,real_nonres_fixed_invest_pct_change,4.156,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-014.156
    CBO2026 Q3“2026q3,real_nonres_fixed_invest_pct_change,3.435,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.435
    CBO2026 Q3“2026q3,real_nonres_fixed_invest_pct_change,2.964,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.964
    CBO2026 Q3“2026q3,real_nonres_fixed_invest_pct_change,3.666,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.666

    Readout

    Low
    4.16%
    High
    4.16%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2026 Q4 · Q4/Q4

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Fannie Mae2026 Q4“| Business Fixed Investment | 9.5 | 7.3 | 3.2 | 2.4 | 10.6 | 8.4 | 5.2 | 6.0 | 5.2 | 5.1 | 4.6 | 4.2 | 5.6 | 7.5 | 4.8 |” — Forecast table, Business Fixed Investment, 2026 annual column · source ↗2026-08-137.5

    Readout

    Low
    7.50%
    High
    7.50%
    Reporting
    1
    Basis
    Q4/Q4

    One institution reporting. No consensus claimed.

    2026 full year · Annual growth

    United States · 1 institution
    6.70%CONSENSUSOCT 26OCT 26NOV 26NABE · 6.7% · 2026-11-06NABE · 6.7% · 2026-10-14NABE · 6.7% · 2026-10-12NABE 6.7%

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    NABE2026 full year“The median forecast for inflation-adjusted GDP growth in 2026 rose to **2.1%**, up from 2.0% in the June 2026 survey, supported by business investment that is now expected to grow **6.7%**.” — Survey Highlights, first quote, paragraph 1 · source ↗2026-11-066.7%
    NABE2026 full year““The median forecast for inflation-adjusted GDP growth in 2026 rose to **2.1%**, up from 2.0% in the June 2026 survey, supported by business investment that is now expected to grow **6.7%**.” — Survey Highlights, statement by NABE Vice President Dr. Nela Richardson · source ↗2026-10-146.7%
    NABE2026 full year““The median forecast for inflation-adjusted GDP growth in 2026 rose to **2.1%**, up from 2.0% in the June 2026 survey, supported by business investment that is now expected to grow **6.7%**.” — Survey Highlights · source ↗2026-10-126.7%

    Readout

    Low
    6.70%
    High
    6.70%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2027 Q1 · Quarterly SAAR

    United States · 1 institution
    2.64%3.71%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.714 · 2026-02-01CBO · 3.289 · 2025-09-01CBO · 2.641 · 2025-01-01CBO · 3.321 · 2024-02-01CBO 3.321

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2027 Q1“2027q1,real_nonres_fixed_invest_pct_change,3.714,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.714
    CBO2027 Q1“2027q1,real_nonres_fixed_invest_pct_change,3.289,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-013.289
    CBO2027 Q1“2027q1,real_nonres_fixed_invest_pct_change,2.641,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.641
    CBO2027 Q1“2027q1,real_nonres_fixed_invest_pct_change,3.321,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.321

    Readout

    Low
    3.71%
    High
    3.71%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2027 Q2 · Quarterly SAAR

    United States · 1 institution
    2.89%3.40%3.69%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.405 · 2026-02-01CBO · 2.889 · 2025-09-01CBO · 2.977 · 2025-01-01CBO · 3.688 · 2024-02-01CBO 3.688

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2027 Q2“2027q2,real_nonres_fixed_invest_pct_change,3.405,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.405
    CBO2027 Q2“2027q2,real_nonres_fixed_invest_pct_change,2.889,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-012.889
    CBO2027 Q2“2027q2,real_nonres_fixed_invest_pct_change,2.977,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.977
    CBO2027 Q2“2027q2,real_nonres_fixed_invest_pct_change,3.688,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.688

    Readout

    Low
    3.40%
    High
    3.40%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2027 Q3 · Quarterly SAAR

    United States · 1 institution
    2.72%3.28%3.68%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.277 · 2026-02-01CBO · 2.773 · 2025-09-01CBO · 2.723 · 2025-01-01CBO · 3.683 · 2024-02-01CBO 3.683

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2027 Q3“2027q3,real_nonres_fixed_invest_pct_change,3.277,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.277
    CBO2027 Q3“2027q3,real_nonres_fixed_invest_pct_change,2.773,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-012.773
    CBO2027 Q3“2027q3,real_nonres_fixed_invest_pct_change,2.723,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.723
    CBO2027 Q3“2027q3,real_nonres_fixed_invest_pct_change,3.683,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.683

    Readout

    Low
    3.28%
    High
    3.28%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2027 Q4 · Q4/Q4

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Fannie Mae2027 Q4“| Business Fixed Investment | 9.5 | 7.3 | 3.2 | 2.4 | 10.6 | 8.4 | 5.2 | 6.0 | 5.2 | 5.1 | 4.6 | 4.2 | 5.6 | 7.5 | 4.8 |” — Forecast table, Business Fixed Investment, 2027 annual column · source ↗2026-08-134.8

    Readout

    Low
    4.80%
    High
    4.80%
    Reporting
    1
    Basis
    Q4/Q4

    One institution reporting. No consensus claimed.

    2027 Q4 · Quarterly SAAR

    United States · 1 institution
    2.33%3.29%3.48%CONSENSUSFEB 24JAN 25FEB 26CBO · 3.295 · 2026-02-01CBO · 2.333 · 2025-09-01CBO · 2.68 · 2025-01-01CBO · 3.476 · 2024-02-01CBO 3.476

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2027 Q4“2027q4,real_nonres_fixed_invest_pct_change,3.295,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.295
    CBO2027 Q4“2027q4,real_nonres_fixed_invest_pct_change,2.333,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-012.333
    CBO2027 Q4“2027q4,real_nonres_fixed_invest_pct_change,2.68,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.68
    CBO2027 Q4“2027q4,real_nonres_fixed_invest_pct_change,3.476,projected” — economic_projections/quarterly_2024-02.csv, real_nonres_fixed_invest_pct_change · source ↗2024-02-013.476

    Readout

    Low
    3.29%
    High
    3.29%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2028 Q1 · Quarterly SAAR

    United States · 1 institution
    1.85%3.02%CONSENSUSJAN 25JUL 25FEB 26CBO · 3.021 · 2026-02-01CBO · 1.846 · 2025-09-01CBO · 2.446 · 2025-01-01CBO 2.446

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 Q1“2028q1,real_nonres_fixed_invest_pct_change,3.021,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-013.021
    CBO2028 Q1“2028q1,real_nonres_fixed_invest_pct_change,1.846,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-011.846
    CBO2028 Q1“2028q1,real_nonres_fixed_invest_pct_change,2.446,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.446

    Readout

    Low
    3.02%
    High
    3.02%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2028 Q2 · Quarterly SAAR

    United States · 1 institution
    1.61%2.67%CONSENSUSJAN 25JUL 25FEB 26CBO · 2.672 · 2026-02-01CBO · 1.611 · 2025-09-01CBO · 2.338 · 2025-01-01CBO 2.338

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 Q2“2028q2,real_nonres_fixed_invest_pct_change,2.672,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.672
    CBO2028 Q2“2028q2,real_nonres_fixed_invest_pct_change,1.611,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-011.611
    CBO2028 Q2“2028q2,real_nonres_fixed_invest_pct_change,2.338,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.338

    Readout

    Low
    2.67%
    High
    2.67%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2028 Q3 · Quarterly SAAR

    United States · 1 institution
    1.52%2.53%CONSENSUSJAN 25JUL 25FEB 26CBO · 2.527 · 2026-02-01CBO · 1.52 · 2025-09-01CBO · 2.156 · 2025-01-01CBO 2.156

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 Q3“2028q3,real_nonres_fixed_invest_pct_change,2.527,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.527
    CBO2028 Q3“2028q3,real_nonres_fixed_invest_pct_change,1.52,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-011.52
    CBO2028 Q3“2028q3,real_nonres_fixed_invest_pct_change,2.156,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.156

    Readout

    Low
    2.53%
    High
    2.53%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2028 Q4 · Quarterly SAAR

    United States · 1 institution
    1.51%2.55%CONSENSUSJAN 25JUL 25FEB 26CBO · 2.553 · 2026-02-01CBO · 1.507 · 2025-09-01CBO · 2.117 · 2025-01-01CBO 2.117

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 Q4“2028q4,real_nonres_fixed_invest_pct_change,2.553,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.553
    CBO2028 Q4“2028q4,real_nonres_fixed_invest_pct_change,1.507,projected” — economic_projections/quarterly_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-011.507
    CBO2028 Q4“2028q4,real_nonres_fixed_invest_pct_change,2.117,projected” — economic_projections/quarterly_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.117

    Readout

    Low
    2.55%
    High
    2.55%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2028 full year · Annual growth

    United States · 1 institution
    2.01%2.97%CONSENSUSJAN 25JUL 25FEB 26CBO · 2.97 · 2026-02-01CBO · 2.009 · 2025-09-01CBO · 2.479 · 2025-01-01CBO 2.479

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 full year“2028,real_nonres_fixed_invest_pct_change,2.97,projected” — economic_projections/calendar_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.97
    CBO2028 full year“2028,real_nonres_fixed_invest_pct_change,2.009,projected” — economic_projections/calendar_2025-09.csv, real_nonres_fixed_invest_pct_change · source ↗2025-09-012.009
    CBO2028 full year“2028,real_nonres_fixed_invest_pct_change,2.479,projected” — economic_projections/calendar_2025-01.csv, real_nonres_fixed_invest_pct_change · source ↗2025-01-012.479

    Readout

    Low
    2.97%
    High
    2.97%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2029 Q1 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 Q1“2029q1,real_nonres_fixed_invest_pct_change,2.106,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.106

    Readout

    Low
    2.11%
    High
    2.11%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2029 Q2 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 Q2“2029q2,real_nonres_fixed_invest_pct_change,2.015,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.015

    Readout

    Low
    2.02%
    High
    2.02%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2029 Q3 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 Q3“2029q3,real_nonres_fixed_invest_pct_change,1.991,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-011.991

    Readout

    Low
    1.99%
    High
    1.99%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2029 Q4 · Quarterly SAAR

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 Q4“2029q4,real_nonres_fixed_invest_pct_change,2.192,projected” — economic_projections/quarterly_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.192

    Readout

    Low
    2.19%
    High
    2.19%
    Reporting
    1
    Basis
    Quarterly SAAR

    One institution reporting. No consensus claimed.

    2029 full year · Annual growth

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 full year“2029,real_nonres_fixed_invest_pct_change,2.251,projected” — economic_projections/calendar_2026-02.csv, real_nonres_fixed_invest_pct_change · source ↗2026-02-012.251

    Readout

    Low
    2.25%
    High
    2.25%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.