On a seasonally adjusted basis, investments decreased 8.2% from the same period last year and slipped 1.1% from the first quarter.
The downturn was driven primarily by weaker activity in real estate, manufacturing and education, which together accounted for the largest share of the contraction.
Analysts say the housing market’s sluggish momentum and subdued industrial expansion weighed heavily on overall figures.
Meanwhile, investment in transportation and storage provided some offset, with projects in logistics and infrastructure recording gains.
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