The answer is yes, because businesses have invested.

Even if Net Domestic Investment to GDP is in a long-term downtrend, that’s good news for the U.S. economy. Keep in mind that it is a key factor in extending the business cycle. US Productivity has increased, because US companies have invested, with less red-tape, less tax, less regulatory burdens, and rising confidence.

Let’s hope that the productivity comeback could last for years.