Table 6.1ÂContent of Private Fixed Investment
Investment in structures by private business
-Includes construction of new nonresidential and residential buildings.
-Includes improvements (additions, alterations, and major structural replacements) to nonresidential and residential buildings.
-Includes certain types of equipment (such as plumbing and heating systems and elevators) that are considered an integral part of the structure.
-Includes nonbuilding construction (such as pipelines, railroad tracks, power lines and plants, and dams and levees).
-Includes mobile structures (such as office trailers at construction sites and temporary trailer classrooms) and manufactured homes.
-Includes petroleum and natural gas well drilling and exploration, including Âdry holes.Â
-Includes digging and shoring of mines.
-Includes brokers commissions on sales of new and existing structures.
-Includes net purchases (purchases less sales) of existing structures from governments.
-Excludes maintenance and repair of nonresidential and residential buildings.
-Excludes demolition costs not related to the construction of new structures.
IOW, Private Non-residential Fixed Investment includes CRE. CRE is a large component of PNFI. I would have thought you would have known that.
HTH.
Cheers,
Scott.