Private nonresidential fixed investment in structures and equipment
Private Nonresidential Fixed Investment (PNFI) measures business investment in structures, equipment, and intellectual property. This excludes residential construction and focuses on productive capital investments by businesses.
Business investment is a key driver of economic growth and defense industrial capacity. Higher investment indicates businesses are expanding production capabilities, modernizing facilities, and investing in new technologies. These investments build the foundation for future defense manufacturing capacity.
Units: Billions of Dollars