On a SAAR, investments in intellectual property products increased by 7.99% year-over-year. This compares to a 5.6% YoY% change for investments in equipment. Investments in structures actually declined by nearly 1% over the past year.
Intellectual property products contributed 30 basis to real GDP in the 1Q. IPP was the lone bright spot for real GDP from a nonresidential fixed investment standpoint . Structures dragged down real GDP by -75 basis points and equipment didn't contribute to real GDP. Overall, even with the positive contribution from IPP, nonresidential fixed investment subtracted 44 basis points from real GDP in the 1Q.