Real gross domestic product (GDP) decreased 0.1% in the first quarter, following growth of 0.6% in the fourth quarter of 2014. This was the first negative growth rate of real GDP since the second quarter of 2011. On a monthly basis, real GDP by industry fell 0.2% in March. Final domestic demand fell 0.4% after increasing 0.4% in the previous quarter. Business gross capital formation was down 2.5%, driven by a 4.1% decrease in non-residential structures and machinery and equipment. On the other hand, business investment in residential structures was up 1.0%, led by an increase in new home construction. Household final ... (full story)