Overall gross private domestic investment grew by 3.2% during the first quarter, driven mainly by housing purchases and construction. That’s up from the 0.7% pace logged during the fourth quarter.

Gross domestic product (GDP ... Investment refers to private domestic investment or capital expenditures. Businesses spend money to invest in their business activities. For example, a business ...

US real gross domestic product increased at an annualized rate of 2.3% in the fourth quarter, well below the forecast of 2.7%. That growth indicates a cooler economy than in the second and third ...