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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, NOVEMBER 5, 2015 Technical: Edward Morgan (202) 606-9541 David Wasshausen (202) 606-9752 Media: Jeannine Aversa (202) 606-2649 E-mail inquiries: industryeconomicaccounts@bea.gov BEA 15-53 Finance and Insurance Led Growth in the Second Quarter Revised Statistics of Gross Domestic Product by Industry: 2012 through First Quarter 2015 Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter. Percent change from preceding period Real GDP and Real Value Added by Sector 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 ‐1.0 2014:II GDP 2014:III Private Goods 2014:IV Private Services 2015:I 2015:II Government U.S. Bureau of Economic Analysis Finance and insurance real value added—a measure of an industry’s contribution to GDP—increased 12.4 percent in the second quarter, after decreasing 3.8 percent in the first quarter. The second quarter growth primarily reflected an increase in Federal Reserve banks, credit intermediation, and related activities. Professional, scientific, and technical services increased 7.6 percent, after increasing 4.4 percent, primarily reflecting an increase in miscellaneous professional, scientific, and technical services, which includes industries like architectural and engineering services; scientific research and development services; and management consulting services. Wholesale trade increased 8.4 percent, after decreasing 1.0 percent. Percent change from preceding period 20 Real Value Added by Industry Mining 15 Construction 10 5 Wholesale trade 0 Transportation and warehousing ‐5 ‐10 Finance and insurance ‐15 Professional, scientific, and technical services ‐20 2015 1st Quarter U.S. Bureau of Economic Analysis 2015 2nd Quarter Other highlights Transportation and warehousing services increased 10.4 percent, after decreasing 15.6 percent in the first quarter. This was the largest increase in the industry group since the third quarter of 2010, and was primarily attributed to air transportation. Construction increased 9.8 percent, after increasing 1.4 percent. Mining decreased 17.9 percent, after increasing 15.2 percent. The second quarter decrease primarily reflected a decrease in the oil and gas extraction industry. Gross output by industry Real gross output—a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased in the second quarter. This reflected increases in real gross output for both the private goods- and services-producing sectors, as well as the government sector. -2- Real Gross Output by Industry Mining Percent change from preceding period 25 20 15 10 5 0 ‐5 ‐10 ‐15 ‐20 ‐25 ‐30 Construction Wholesale trade Transportation and warehousing Finance and insurance Professional, scientific, and technical services 2015 1st Quarter U.S. Bureau of Economic Analysis 2015 2nd Quarter Construction increased 23.5 percent, after increasing 5.7 percent in the first quarter. This was the eighth quarterly increase in the last nine quarters. Professional, scientific, and technical services increased 4.0 percent, after decreasing 2.0 percent. The second quarter increase was primarily attributed to legal services. Mining decreased 26 percent, after decreasing 9.7 percent. This was the third consecutive quarterly decrease, and was the largest decrease since the second quarter of 2009, reflecting decreases in both oil and gas extraction and support activities for mining. Annual Revision of the Industry Economic Accounts The estimates released today reflect the results of the annual revision of the industry economic accounts in conjunction with newly available statistics for GDP by industry for the second quarter of 2015. Additional information on this revision will be available in an article in the December 2015 issue of the Survey of Current Business. This year’s annual revision includes revised estimates beginning with the first quarter of 2012. The revision incorporates source data that are more complete and reliable than those previously available. Major improvements introduced with this revision include: Results from the 2015 annual revision of the national income and product accounts and international transactions accounts. Incorporation of newly available and revised source data (e.g., Census Bureau’s Service Annual Survey, the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages, and the Department of Treasury’s Statistics of Income). Expansion of quarterly GDP by industry detail. Estimates of value added and gross output are now available in an underlying detail interactive data application for 71 industries. Expansion of the annual components of value added. Estimates of net operating surplus are now available in an underlying detail excel file. -3- * * * BEA's national, international, regional, and industry estimates; BEA news releases; and related articles in the Survey of Current Business are available for free on BEA's Web site at www.bea.gov. The entire historical time series for these estimates can be accessed in BEA's Interactive Data Application at www.bea.gov/itable/. Stay informed about BEA developments by signing up for our email subscription service or following us on Twitter @BEA_News. You also can access BEA data by registering for our Data Application Programming Interface, or API. (www.bea.gov/API/signup/index.cfm). * * * BEA's news release schedule is available at www.bea.gov/newsreleases/2015rd.htm. Next release -- January 21, 2016 at 8:30 A.M. EST for: Gross Domestic Product by Industry: Third Quarter 2015 -4- November 5, 2015 Table 1. Real Value Added by Industry Group: Percent Change From Preceding Period Line 2013 2014 I 1 Seasonally adjusted at annual rates 2014 2013 II III IV I II III 2015 IV I II Gross domestic product…………………………………………………………………………………………… 1.5 2.4 1.9 1.1 3.0 3.8 ‐0.9 4.6 4.3 2.1 0.6 3.9 2 Private industries………………………………………………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 4 Mining…………………………………………………………………………………………………………………………… 5 Utilities………………………………………………………………………………………………………………………… 6 Construction………………………………………………………………………………………………………………… 7 Manufacturing……………………………………………………………………………………………………………… 8 Durable goods…………………………………………………………………………………………………………… 9 Nondurable goods……………………………………………………………………………………………………… 10 Wholesale trade…………………………………………………………………………………………………………… 11 Retail trade…………………………………………………………………………………………………………………… 12 Transportation and warehousing…………………………………………………………………………………… 13 Information…………………………………………………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 15 Finance and insurance………………………………………………………………………………………………… 16 Real estate and rental and leasing……………………………………………………………………………… 17 Professional and business services………………………………………………………………………………… 18 Professional, scientific, and technical services…………………………………………………………… 19 Management of companies and enterprises……………………………………………………………… 20 Administrative and waste management services………………………………………………………… 21 Educational services, health care, and social assistance………………………………………………… 22 Educational services…………………………………………………………………………………………………… 23 Health care and social assistance………………………………………………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 25 Arts, entertainment, and recreation…………………………………………………………………………… 26 Accommodation and food services……………………………………………………………………………… 27 Other services, except government……………………………………………………………………………… 28 Government………………………………………………………………………………………………………………… 29 Federal…………………………………………………………………………………………………………………………… 30 State and local……………………………………………………………………………………………………………… 1.6 18.5 4.7 ‐0.4 2.6 1.5 0.9 2.2 3.2 2.7 0.5 6.8 ‐0.8 ‐3.3 0.6 0.6 ‐0.9 5.1 1.4 1.4 ‐2.0 2.0 2.2 3.0 1.9 ‐0.6 ‐0.8 ‐2.4 0.0 2.5 2.6 7.0 ‐4.0 0.9 1.6 1.6 1.6 3.3 1.8 0.8 3.9 2.3 2.3 2.4 4.2 3.3 6.9 4.3 2.1 1.9 2.2 3.0 3.0 3.0 2.5 ‐0.2 ‐0.9 0.2 2.2 67.5 ‐2.7 8.2 3.1 11.3 3.8 20.5 2.9 13.1 4.8 25.5 ‐5.9 ‐17.2 0.9 ‐11.0 ‐11.9 ‐21.6 ‐1.3 2.2 ‐7.4 3.8 4.8 2.5 5.6 ‐3.6 ‐1.0 ‐2.2 ‐0.4 0.7 34.8 5.2 ‐5.2 1.0 ‐2.5 ‐2.5 ‐2.6 3.7 ‐5.4 ‐3.8 3.8 0.4 3.8 ‐1.4 4.4 1.4 18.3 2.8 0.4 0.9 0.3 ‐2.0 1.8 ‐3.4 ‐1.8 ‐0.8 ‐2.4 0.0 4.0 31.9 3.1 ‐8.3 5.2 4.3 2.8 6.1 8.5 4.3 1.4 3.9 2.9 ‐1.1 5.2 6.5 4.7 15.2 5.2 1.2 ‐0.2 1.4 1.0 0.9 1.1 0.5 ‐1.5 ‐4.7 0.0 3.9 1.0 10.7 ‐1.4 ‐1.8 4.1 2.5 6.0 4.7 ‐1.5 8.9 17.5 3.6 5.4 2.7 4.0 2.6 8.3 4.4 0.4 ‐0.1 0.5 5.0 6.3 4.6 3.3 ‐1.7 ‐5.7 0.3 ‐1.8 ‐27.9 ‐5.7 7.7 ‐3.8 ‐1.3 ‐3.7 1.4 ‐5.3 1.9 ‐6.6 ‐3.9 ‐3.4 ‐10.0 0.4 1.4 0.9 ‐0.8 3.9 2.4 5.8 1.9 2.4 1.4 2.8 1.3 2.0 5.9 0.2 4.9 25.0 10.4 ‐19.4 6.5 3.9 5.0 2.8 6.0 5.7 2.8 4.7 7.4 16.1 2.9 3.7 3.8 2.2 4.4 2.3 0.6 2.6 4.1 1.8 4.9 4.2 ‐0.1 ‐1.1 0.4 5.4 6.0 20.3 ‐1.4 0.1 ‐0.1 7.3 ‐8.0 10.8 3.0 5.7 ‐1.5 7.8 14.1 4.5 8.9 8.7 18.0 3.9 4.9 3.4 5.1 3.9 4.1 3.9 5.4 ‐0.4 ‐1.2 0.0 2.0 8.0 23.9 ‐1.5 5.7 1.7 1.9 1.4 2.7 ‐0.4 ‐3.1 6.7 ‐2.5 ‐10.3 2.1 3.3 2.4 2.3 5.9 3.8 ‐0.8 4.5 3.5 5.7 2.7 1.8 ‐0.5 ‐1.6 0.0 0.9 6.6 15.2 ‐15.3 1.4 0.8 ‐3.8 6.5 ‐1.0 5.4 ‐15.6 10.2 ‐0.3 ‐3.8 1.7 3.5 4.4 2.3 2.1 1.7 ‐1.4 2.2 ‐2.7 ‐1.3 ‐3.1 ‐2.2 ‐0.8 ‐0.2 ‐1.1 4.3 ‐3.9 ‐17.9 6.1 9.8 0.7 1.2 0.0 8.4 3.7 10.4 9.3 5.7 12.4 2.3 6.4 7.6 5.0 4.8 1.3 ‐3.3 2.1 2.6 1.2 3.1 2.0 0.1 ‐0.2 0.2 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 3.1 2.3 10.6 1.3 5.9 3.5 ‐4.3 6.5 2.9 5.5 2.7 0.2 32 Private services‐producing industries 2 …………………………………………………………………………… 1.1 2.6 ‐0.2 0.6 3.5 4.0 ‐1.0 4.4 6.2 1.0 0.4 5.5 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis -5- November 5, 2015 Table 2. Contributions to Percent Change in Real GDP by Industry Group Line 2013 2014 Seasonally adjusted at annual rates 2014 IV I II III 2013 I II III 2015 IV I II 1.5 2.4 1.9 1.1 3.0 3.8 ‐0.9 4.6 4.3 2.1 0.6 3.9 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product…………………………………………………………………………………………… Percentage points at annual rates: Private industries………………………………………………………………………………………………………… Agriculture, forestry, fishing, and hunting……………………………………………………………………… Mining…………………………………………………………………………………………………………………………… Utilities………………………………………………………………………………………………………………………… Construction………………………………………………………………………………………………………………… Manufacturing……………………………………………………………………………………………………………… Durable goods…………………………………………………………………………………………………………… Nondurable goods……………………………………………………………………………………………………… Wholesale trade…………………………………………………………………………………………………………… Retail trade…………………………………………………………………………………………………………………… Transportation and warehousing…………………………………………………………………………………… Information…………………………………………………………………………………………………………………… Finance, insurance, real estate, rental, and leasing………………………………………………………… Finance and insurance………………………………………………………………………………………………… Real estate and rental and leasing……………………………………………………………………………… Professional and business services………………………………………………………………………………… Professional, scientific, and technical services…………………………………………………………… Management of companies and enterprises……………………………………………………………… Administrative and waste management services………………………………………………………… Educational services, health care, and social assistance………………………………………………… Educational services…………………………………………………………………………………………………… Health care and social assistance………………………………………………………………………………… Arts, entertainment, recreation, accommodation, and food services…………………………… Arts, entertainment, and recreation…………………………………………………………………………… Accommodation and food services……………………………………………………………………………… Other services, except government……………………………………………………………………………… Government………………………………………………………………………………………………………………… Federal…………………………………………………………………………………………………………………………… State and local……………………………………………………………………………………………………………… 1.37 0.21 0.12 ‐0.01 0.10 0.18 0.06 0.12 0.19 0.16 0.02 0.31 ‐0.17 ‐0.24 0.07 0.07 ‐0.06 0.09 0.04 0.12 ‐0.02 0.14 0.08 0.03 0.05 ‐0.01 ‐0.11 ‐0.11 0.00 2.18 0.04 0.18 ‐0.07 0.04 0.20 0.11 0.09 0.20 0.10 0.02 0.18 0.47 0.16 0.31 0.49 0.23 0.13 0.13 0.18 0.02 0.15 0.11 0.03 0.08 0.05 ‐0.02 ‐0.04 0.01 1.87 0.66 ‐0.07 0.13 0.11 1.29 0.25 1.05 0.17 0.72 0.14 1.05 ‐1.21 ‐1.33 0.12 ‐1.38 ‐0.87 ‐0.47 ‐0.04 0.18 ‐0.09 0.27 0.17 0.02 0.15 ‐0.08 ‐0.13 ‐0.10 ‐0.04 0.62 0.42 0.13 ‐0.09 0.04 ‐0.32 ‐0.16 ‐0.16 0.22 ‐0.32 ‐0.11 0.18 0.07 0.25 ‐0.19 0.50 0.10 0.32 0.08 0.03 0.01 0.02 ‐0.08 0.02 ‐0.09 ‐0.04 ‐0.10 ‐0.11 0.00 3.47 0.39 0.08 ‐0.14 0.19 0.52 0.18 0.34 0.49 0.25 0.04 0.18 0.57 ‐0.08 0.65 0.75 0.32 0.28 0.15 0.10 0.00 0.10 0.04 0.01 0.03 0.01 ‐0.21 ‐0.20 0.00 3.39 0.02 0.27 ‐0.02 ‐0.07 0.49 0.16 0.33 0.28 ‐0.08 0.25 0.78 0.72 0.37 0.35 0.47 0.18 0.16 0.13 0.03 0.00 0.04 0.19 0.06 0.13 0.07 ‐0.22 ‐0.24 0.03 ‐1.55 ‐0.40 ‐0.16 0.12 ‐0.15 ‐0.16 ‐0.24 0.08 ‐0.32 0.11 ‐0.20 ‐0.19 ‐0.68 ‐0.73 0.05 0.16 0.06 ‐0.02 0.11 0.20 0.06 0.13 0.09 0.01 0.08 0.03 0.26 0.24 0.02 4.21 0.29 0.27 ‐0.35 0.24 0.48 0.32 0.16 0.35 0.33 0.08 0.22 1.44 1.06 0.38 0.43 0.26 0.04 0.13 0.19 0.01 0.18 0.15 0.02 0.13 0.09 ‐0.01 ‐0.05 0.03 4.69 0.08 0.50 ‐0.02 0.00 0.00 0.46 ‐0.47 0.63 0.18 0.17 ‐0.07 1.54 0.96 0.57 1.03 0.58 0.33 0.12 0.40 0.04 0.36 0.15 0.04 0.11 0.12 ‐0.05 ‐0.05 0.00 1.73 0.09 0.55 ‐0.02 0.22 0.20 0.12 0.08 0.16 ‐0.03 ‐0.09 0.31 ‐0.51 ‐0.78 0.27 0.38 0.16 0.05 0.18 0.30 ‐0.01 0.31 0.13 0.06 0.08 0.04 ‐0.07 ‐0.07 0.00 0.80 0.07 0.32 ‐0.27 0.06 0.10 ‐0.26 0.35 ‐0.06 0.30 ‐0.51 0.46 ‐0.06 ‐0.28 0.22 0.41 0.30 0.04 0.06 0.14 ‐0.02 0.15 ‐0.10 ‐0.01 ‐0.09 ‐0.05 ‐0.10 ‐0.01 ‐0.10 3.76 ‐0.04 ‐0.37 0.10 0.37 0.09 0.09 0.00 0.50 0.21 0.30 0.43 1.14 0.84 0.30 0.77 0.52 0.10 0.15 0.11 ‐0.04 0.15 0.10 0.01 0.09 0.05 0.01 ‐0.01 0.02 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 0.61 0.45 2.00 0.26 1.17 0.71 ‐0.87 1.27 0.58 1.06 0.54 0.05 32 Private services‐producing industries 2 …………………………………………………………………………… 0.76 1.74 ‐0.12 0.35 2.30 2.68 ‐0.68 2.94 4.10 0.68 0.26 3.71 1 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage‐point contributions do not sum to the percent change in real gross domestic product because the contribution of the "Not allocated by industry" line is excluded. Source: U.S. Bureau of Economic Analysis -6- November 5, 2015 Table 3. Chain‐Type Price Indexes for Value Added by Industry Group: Percent Change From Preceding Period Line 2013 2014 2013 I 1 II Seasonally adjusted at annual rates 2014 III IV I II III 2.0 1.8 1.5 2.2 1.6 Gross domestic product…………………………………………………………………………………………… 1.6 1.6 1.5 1.1 2 Private industries………………………………………………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 4 Mining…………………………………………………………………………………………………………………………… 5 Utilities………………………………………………………………………………………………………………………… 6 Construction………………………………………………………………………………………………………………… 7 Manufacturing……………………………………………………………………………………………………………… 8 Durable goods…………………………………………………………………………………………………………… 9 Nondurable goods……………………………………………………………………………………………………… 10 Wholesale trade…………………………………………………………………………………………………………… 11 Retail trade…………………………………………………………………………………………………………………… 12 Transportation and warehousing…………………………………………………………………………………… 13 Information…………………………………………………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 15 Finance and insurance………………………………………………………………………………………………… 16 Real estate and rental and leasing……………………………………………………………………………… 17 Professional and business services………………………………………………………………………………… 18 Professional, scientific, and technical services…………………………………………………………… 19 Management of companies and enterprises……………………………………………………………… 20 Administrative and waste management services………………………………………………………… 21 Educational services, health care, and social assistance………………………………………………… 22 Educational services…………………………………………………………………………………………………… 23 Health care and social assistance………………………………………………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 25 Arts, entertainment, and recreation…………………………………………………………………………… 26 Accommodation and food services……………………………………………………………………………… 27 Other services, except government……………………………………………………………………………… 28 Government………………………………………………………………………………………………………………… 29 Federal…………………………………………………………………………………………………………………………… 30 State and local……………………………………………………………………………………………………………… 1.8 2.4 2.5 3.3 3.5 0.6 1.8 ‐0.8 0.9 1.0 2.9 0.8 2.9 4.1 2.2 1.5 1.6 0.7 1.6 1.3 3.0 1.0 2.6 1.6 2.9 2.8 2.0 1.0 2.5 1.8 ‐6.9 ‐3.8 8.2 6.1 2.0 2.3 1.5 0.8 1.3 3.7 0.0 2.9 4.0 2.3 1.1 1.6 ‐1.8 2.1 1.2 2.4 1.0 2.5 1.9 2.7 2.6 2.4 2.3 2.5 1.7 29.0 9.6 3.8 4.5 ‐2.9 1.8 ‐8.0 0.0 ‐3.0 3.9 2.5 2.0 1.3 2.3 3.3 1.9 9.6 2.7 1.2 3.8 0.8 0.9 ‐0.2 1.3 4.3 2.1 0.6 2.8 1.5 ‐29.2 7.9 5.7 4.5 ‐1.1 2.7 ‐5.3 ‐1.2 5.0 3.2 1.4 3.0 5.4 1.8 1.6 2.9 ‐2.0 1.0 1.1 2.5 0.8 5.0 1.6 6.2 2.9 1.9 0.9 2.3 1.5 ‐20.8 14.4 2.9 4.7 ‐0.1 2.6 ‐3.0 0.3 1.1 2.9 ‐1.3 3.7 5.1 2.9 ‐0.8 0.6 ‐9.0 1.9 1.2 2.2 1.0 4.6 4.2 4.7 2.4 2.4 1.2 2.9 2.0 ‐25.9 ‐20.6 7.0 9.6 8.1 3.8 13.4 1.4 4.1 3.3 ‐1.1 3.5 5.5 2.5 0.3 1.2 ‐4.4 1.3 1.9 3.6 1.6 1.0 1.3 0.8 2.8 4.8 9.9 2.5 2.2 17.2 18.8 12.9 7.2 ‐2.5 2.1 ‐7.6 3.8 ‐4.3 2.5 2.6 2.6 3.6 2.0 2.5 2.8 3.0 1.6 0.2 1.6 0.0 0.9 2.7 0.3 2.1 0.5 ‐2.3 1.8 2.6 27.8 1.1 11.9 2.2 2.8 0.9 5.0 ‐0.3 2.1 6.0 ‐1.1 3.2 3.8 2.8 0.8 0.2 ‐1.4 3.5 1.8 3.2 1.6 3.1 1.2 3.7 2.7 2.7 2.5 2.9 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 1.5 1.3 2.0 ‐1.2 1.1 1.5 3.1 32 Private services‐producing industries 2 …………………………………………………………………………… 1.9 2.0 1.7 2.4 1.6 2.2 1.9 2015 IV I II 0.1 0.1 2.1 1.0 ‐27.4 ‐21.0 2.8 7.8 5.8 2.5 9.8 ‐2.7 2.3 1.4 0.4 2.2 2.6 1.9 1.5 2.4 ‐3.5 3.0 1.3 0.5 1.4 3.2 1.4 3.9 2.4 3.0 2.4 3.2 0.3 ‐11.8 ‐43.6 6.1 5.0 ‐0.4 2.6 ‐3.8 1.2 8.4 10.1 ‐2.9 1.6 0.3 2.3 2.0 1.0 4.8 2.2 1.8 4.0 1.4 3.3 ‐0.7 4.8 3.6 2.0 1.5 2.3 ‐0.4 ‐34.3 ‐67.7 25.4 2.8 1.5 7.0 ‐4.6 2.5 ‐3.7 21.0 ‐2.6 3.3 3.4 3.3 2.8 2.3 3.3 3.6 1.8 6.1 1.1 8.5 8.3 8.5 4.1 3.1 3.2 3.1 2.3 ‐2.5 27.1 ‐3.2 ‐2.3 4.6 2.9 6.7 ‐1.3 1.1 ‐6.5 0.0 4.3 5.8 3.5 0.6 ‐0.1 0.4 2.5 3.0 4.6 2.7 3.5 6.0 2.6 3.7 2.0 1.5 2.2 3.9 ‐0.4 ‐7.1 ‐12.6 4.7 2.2 1.4 2.5 3.4 1.7 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis -7- November 5, 2015 Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Line 2013 2014 Seasonally adjusted at annual rates 2014 IV I II III 2013 I II III 2015 IV I II 1.6 1.6 1.5 1.1 2.0 1.8 1.5 2.2 1.6 0.1 0.1 2.1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product…………………………………………………………………………………………… Percentage points at annual rates: Private industries………………………………………………………………………………………………………… Agriculture, forestry, fishing, and hunting……………………………………………………………………… Mining…………………………………………………………………………………………………………………………… Utilities………………………………………………………………………………………………………………………… Construction………………………………………………………………………………………………………………… Manufacturing……………………………………………………………………………………………………………… Durable goods…………………………………………………………………………………………………………… Nondurable goods……………………………………………………………………………………………………… Wholesale trade…………………………………………………………………………………………………………… Retail trade…………………………………………………………………………………………………………………… Transportation and warehousing…………………………………………………………………………………… Information…………………………………………………………………………………………………………………… Finance, insurance, real estate, rental, and leasing………………………………………………………… Finance and insurance………………………………………………………………………………………………… Real estate and rental and leasing……………………………………………………………………………… Professional and business services………………………………………………………………………………… Professional, scientific, and technical services…………………………………………………………… Management of companies and enterprises……………………………………………………………… Administrative and waste management services………………………………………………………… Educational services, health care, and social assistance………………………………………………… Educational services…………………………………………………………………………………………………… Health care and social assistance………………………………………………………………………………… Arts, entertainment, recreation, accommodation, and food services…………………………… Arts, entertainment, and recreation…………………………………………………………………………… Accommodation and food services……………………………………………………………………………… Other services, except government……………………………………………………………………………… Government………………………………………………………………………………………………………………… Federal…………………………………………………………………………………………………………………………… State and local……………………………………………………………………………………………………………… 1.59 0.03 0.06 0.05 0.13 0.07 0.12 ‐0.05 0.06 0.06 0.08 0.04 0.57 0.29 0.29 0.17 0.11 0.01 0.05 0.11 0.03 0.07 0.10 0.02 0.08 0.06 0.28 0.05 0.23 1.59 ‐0.09 ‐0.10 0.13 0.23 0.24 0.15 0.09 0.05 0.08 0.11 0.00 0.57 0.27 0.30 0.14 0.11 ‐0.04 0.06 0.10 0.03 0.07 0.09 0.02 0.07 0.06 0.32 0.09 0.23 1.63 0.34 0.26 0.06 0.17 ‐0.32 0.12 ‐0.44 0.00 ‐0.16 0.12 0.12 0.41 0.10 0.31 0.40 0.13 0.18 0.08 0.11 0.04 0.06 0.03 0.00 0.04 0.10 0.17 ‐0.10 0.26 1.48 ‐0.47 0.21 0.09 0.17 ‐0.07 0.18 ‐0.26 ‐0.07 0.30 0.10 0.07 0.62 0.38 0.24 0.19 0.20 ‐0.04 0.03 0.09 0.03 0.06 0.19 0.02 0.17 0.07 0.12 ‐0.10 0.22 1.54 ‐0.30 0.39 0.05 0.18 0.06 0.18 ‐0.11 0.02 0.08 0.09 ‐0.05 0.77 0.38 0.39 ‐0.07 0.04 ‐0.17 0.06 0.10 0.03 0.08 0.18 0.04 0.14 0.05 0.09 ‐0.19 0.28 2.34 ‐0.35 ‐0.54 0.12 0.39 1.13 0.28 0.85 0.10 0.28 0.11 ‐0.04 0.79 0.43 0.35 0.06 0.10 ‐0.08 0.04 0.17 0.04 0.13 0.05 0.01 0.03 0.07 0.04 ‐0.22 0.25 1.57 0.18 0.42 0.18 0.24 ‐0.35 0.12 ‐0.47 0.21 ‐0.28 0.06 0.12 0.45 0.22 0.23 0.27 0.17 0.05 0.05 0.01 0.02 ‐0.01 0.03 0.02 0.00 0.04 0.37 0.22 0.15 2.37 0.33 0.03 0.19 0.08 0.38 0.06 0.32 ‐0.02 0.15 0.18 ‐0.05 0.65 0.27 0.38 0.10 0.02 ‐0.03 0.11 0.16 0.04 0.12 0.12 0.01 0.11 0.06 0.22 ‐0.04 0.27 1.03 ‐0.39 ‐0.61 0.05 0.30 0.71 0.16 0.55 ‐0.16 0.14 0.05 0.02 0.45 0.20 0.25 0.19 0.17 ‐0.07 0.09 0.11 0.01 0.10 0.12 0.01 0.11 0.05 0.25 ‐0.05 0.30 0.34 ‐0.15 ‐1.42 0.10 0.19 ‐0.03 0.17 ‐0.21 0.08 0.48 0.29 ‐0.14 0.34 0.03 0.31 0.24 0.08 0.10 0.07 0.15 0.04 0.10 0.13 ‐0.01 0.14 0.08 0.15 ‐0.06 0.21 ‐0.21 ‐0.48 ‐2.38 0.37 0.11 0.21 0.45 ‐0.25 0.15 ‐0.21 0.58 ‐0.12 0.67 0.24 0.43 0.34 0.16 0.06 0.11 0.15 0.07 0.08 0.32 0.08 0.24 0.09 0.27 ‐0.01 0.28 2.02 ‐0.03 0.45 ‐0.05 ‐0.09 0.55 0.19 0.36 ‐0.08 0.06 ‐0.20 0.00 0.86 0.40 0.46 0.08 ‐0.01 0.01 0.08 0.25 0.05 0.20 0.14 0.06 0.08 0.08 0.25 0.06 0.19 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 0.29 0.27 0.45 ‐0.17 0.33 0.63 0.49 0.82 0.01 ‐1.41 ‐2.54 0.88 32 Private services‐producing industries 2 …………………………………………………………………………… 1.30 1.32 1.19 1.64 1.21 1.71 1.08 1.54 1.02 1.75 2.33 1.14 1 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage‐point contributions do not sum to the percent change in the chain‐type price index for gross domestic product because the contribution of the "Not allocated by industry" line is excluded. Source: U.S. Bureau of Economic Analysis -8- November 5, 2015 Table 5. Value Added by Industry Group Line 1 2013 2014 2013 Billions of dollars Seasonally adjusted at annual rates 2014 2015 I II III IV I II III IV I II Gross domestic product……………………………………………………………………………………………16,663.2 17,348.1 16,440.7 16,526.8 16,727.5 16,957.6 16,984.3 17,270.0 17,522.1 17,615.9 17,649.3 17,913.7 2 Private industries………………………………………………………………………………………………………… 14,438.6 15,073.5 14,227.1 14,307.1 14,503.4 14,716.8 14,729.9 15,000.9 15,238.9 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 225.4 215.4 230.2 227.7 230.1 213.8 204.6 229.7 215.0 4 Mining…………………………………………………………………………………………………………………………… 441.0 453.8 425.0 438.7 457.3 443.2 456.6 469.8 464.2 5 Utilities………………………………………………………………………………………………………………………… 270.5 280.8 271.4 271.6 267.7 271.4 285.0 277.8 278.7 6 Construction………………………………………………………………………………………………………………… 619.9 664.0 603.4 611.5 626.4 638.1 643.0 656.7 669.3 7 Manufacturing……………………………………………………………………………………………………………… 2,024.7 2,097.7 2,013.3 1,994.6 2,015.2 2,075.6 2,055.6 2,090.1 2,119.2 8 Durable goods…………………………………………………………………………………………………………… 1,082.0 1,125.5 1,070.6 1,070.8 1,085.0 1,101.7 1,097.2 1,113.0 1,139.6 9 Nondurable goods……………………………………………………………………………………………………… 942.6 972.2 942.7 923.8 930.2 973.9 958.5 977.1 979.6 10 Wholesale trade…………………………………………………………………………………………………………… 1,002.2 1,044.5 983.4 989.4 1,010.4 1,025.7 1,021.4 1,035.6 1,055.3 11 Retail trade…………………………………………………………………………………………………………………… 967.6 997.8 960.7 959.2 972.1 978.3 972.3 991.0 1,004.2 12 Transportation and warehousing…………………………………………………………………………………… 483.5 505.7 478.1 477.1 482.3 496.6 491.2 501.8 510.7 13 Information…………………………………………………………………………………………………………………… 793.8 824.7 776.3 786.3 791.2 821.5 818.7 825.9 823.6 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 3,295.5 3,470.6 3,233.8 3,260.9 3,314.2 3,372.8 3,365.2 3,452.2 3,536.5 15 Finance and insurance………………………………………………………………………………………………… 1,150.2 1,222.9 1,117.8 1,143.2 1,154.4 1,185.4 1,164.9 1,220.5 1,269.7 16 Real estate and rental and leasing……………………………………………………………………………… 2,145.3 2,247.7 2,116.1 2,117.7 2,159.9 2,187.4 2,200.3 2,231.8 2,266.8 17 Professional and business services………………………………………………………………………………… 1,952.5 2,057.0 1,912.5 1,940.8 1,967.9 1,988.7 2,007.9 2,029.9 2,081.5 18 Professional, scientific, and technical services…………………………………………………………… 1,136.6 1,193.0 1,117.5 1,129.5 1,144.2 1,155.2 1,165.8 1,177.4 1,209.2 19 Management of companies and enterprises……………………………………………………………… 322.0 337.9 310.6 322.4 326.2 328.9 330.6 331.1 342.0 20 Administrative and waste management services………………………………………………………… 493.8 526.0 484.4 488.9 497.5 504.5 511.4 521.4 530.4 21 Educational services, health care, and social assistance………………………………………………… 1,373.2 1,419.6 1,363.5 1,368.4 1,376.5 1,384.4 1,393.3 1,407.7 1,429.0 22 Educational services…………………………………………………………………………………………………… 184.7 192.8 182.7 184.2 185.2 186.7 190.1 191.9 193.8 23 Health care and social assistance………………………………………………………………………………… 1,188.5 1,226.9 1,180.9 1,184.2 1,191.4 1,197.6 1,203.2 1,215.7 1,235.2 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 625.7 660.3 615.8 620.1 628.7 638.0 643.3 654.6 666.1 25 Arts, entertainment, and recreation…………………………………………………………………………… 164.3 172.4 161.5 162.9 164.9 168.0 169.7 171.0 173.3 26 Accommodation and food services……………………………………………………………………………… 461.4 488.0 454.3 457.3 463.8 470.1 473.6 483.6 492.8 27 Other services, except government……………………………………………………………………………… 363.1 381.6 359.7 360.7 363.3 368.7 371.9 378.2 385.5 28 Government………………………………………………………………………………………………………………… 2,224.6 2,274.6 2,213.6 2,219.7 2,224.1 2,240.8 2,254.4 2,269.1 2,283.2 29 Federal…………………………………………………………………………………………………………………………… 708.4 718.0 712.0 709.2 703.0 709.3 715.3 717.7 719.6 30 State and local……………………………………………………………………………………………………………… 1,516.2 1,556.6 1,501.7 1,510.5 1,521.1 1,531.5 1,539.0 1,551.4 1,563.6 15,324.2 212.3 424.4 281.8 687.0 2,125.9 1,152.2 973.7 1,065.6 1,023.5 519.1 830.8 3,528.3 1,236.5 2,291.8 2,108.5 1,219.5 348.0 541.0 1,448.6 195.3 1,253.3 677.4 175.4 502.0 390.7 2,291.8 719.3 1,572.4 15,344.3 194.2 331.6 286.0 694.2 2,138.1 1,160.4 977.7 1,069.5 1,027.3 521.7 845.6 3,554.7 1,234.7 2,320.1 2,141.2 1,239.8 352.8 548.6 1,461.1 197.5 1,263.6 686.6 178.3 508.3 392.5 2,305.0 724.7 1,580.3 15,597.1 191.1 335.1 287.9 706.5 2,165.8 1,172.2 993.5 1,087.8 1,039.5 525.9 864.7 3,642.9 1,289.2 2,353.7 2,178.2 1,262.2 357.5 558.5 1,476.8 198.0 1,278.8 697.0 181.5 515.5 398.1 2,316.5 726.9 1,589.6 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 3,311.0 3,430.9 3,271.9 3,272.4 3,329.0 3,370.7 3,359.8 3,446.3 3,467.7 3,449.7 3,358.0 3,398.4 2 32 Private services‐producing industries ……………………………………………………………………………11,127.6 11,642.6 10,955.2 11,034.7 11,174.4 11,346.1 11,370.1 11,554.7 11,771.1 11,874.4 11,986.3 12,198.7 31 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis -9- November 5, 2015 Table 5a. Value Added by Industry Group as a Percentage of GDP Line 2013 2014 2013 II III 100.0 100.0 I 100.0 IV 100.0 2015 I II 100.0 100.0 Gross domestic product…………………………………………………………………………………………… 100.0 100.0 2 Private industries………………………………………………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 4 Mining…………………………………………………………………………………………………………………………… 5 Utilities………………………………………………………………………………………………………………………… 6 Construction………………………………………………………………………………………………………………… 7 Manufacturing……………………………………………………………………………………………………………… 8 Durable goods…………………………………………………………………………………………………………… 9 Nondurable goods……………………………………………………………………………………………………… 10 Wholesale trade…………………………………………………………………………………………………………… 11 Retail trade…………………………………………………………………………………………………………………… 12 Transportation and warehousing…………………………………………………………………………………… 13 Information…………………………………………………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 15 Finance and insurance………………………………………………………………………………………………… 16 Real estate and rental and leasing……………………………………………………………………………… 17 Professional and business services………………………………………………………………………………… 18 Professional, scientific, and technical services…………………………………………………………… 19 Management of companies and enterprises……………………………………………………………… 20 Administrative and waste management services………………………………………………………… 21 Educational services, health care, and social assistance………………………………………………… 22 Educational services…………………………………………………………………………………………………… 23 Health care and social assistance………………………………………………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 25 Arts, entertainment, and recreation…………………………………………………………………………… 26 Accommodation and food services……………………………………………………………………………… 27 Other services, except government……………………………………………………………………………… 28 Government………………………………………………………………………………………………………………… 29 Federal…………………………………………………………………………………………………………………………… 30 State and local……………………………………………………………………………………………………………… 86.6 1.4 2.6 1.6 3.7 12.2 6.5 5.7 6.0 5.8 2.9 4.8 19.8 6.9 12.9 11.7 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.4 4.3 9.1 86.9 1.2 2.6 1.6 3.8 12.1 6.5 5.6 6.0 5.8 2.9 4.8 20.0 7.0 13.0 11.9 6.9 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.1 4.1 9.0 86.5 1.4 2.6 1.7 3.7 12.2 6.5 5.7 6.0 5.8 2.9 4.7 19.7 6.8 12.9 11.6 6.8 1.9 2.9 8.3 1.1 7.2 3.7 1.0 2.8 2.2 13.5 4.3 9.1 86.6 1.4 2.7 1.6 3.7 12.1 6.5 5.6 6.0 5.8 2.9 4.8 19.7 6.9 12.8 11.7 6.8 2.0 3.0 8.3 1.1 7.2 3.8 1.0 2.8 2.2 13.4 4.3 9.1 86.7 1.4 2.7 1.6 3.7 12.0 6.5 5.6 6.0 5.8 2.9 4.7 19.8 6.9 12.9 11.8 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.3 4.2 9.1 86.8 1.3 2.6 1.6 3.8 12.2 6.5 5.7 6.0 5.8 2.9 4.8 19.9 7.0 12.9 11.7 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.2 4.2 9.0 86.7 1.2 2.7 1.7 3.8 12.1 6.5 5.6 6.0 5.7 2.9 4.8 19.8 6.9 13.0 11.8 6.9 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.3 4.2 9.1 86.9 1.3 2.7 1.6 3.8 12.1 6.4 5.7 6.0 5.7 2.9 4.8 20.0 7.1 12.9 11.8 6.8 1.9 3.0 8.2 1.1 7.0 3.8 1.0 2.8 2.2 13.1 4.2 9.0 87.0 1.2 2.6 1.6 3.8 12.1 6.5 5.6 6.0 5.7 2.9 4.7 20.2 7.2 12.9 11.9 6.9 2.0 3.0 8.2 1.1 7.0 3.8 1.0 2.8 2.2 13.0 4.1 8.9 87.0 1.2 2.4 1.6 3.9 12.1 6.5 5.5 6.0 5.8 2.9 4.7 20.0 7.0 13.0 12.0 6.9 2.0 3.1 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.0 4.1 8.9 86.9 1.1 1.9 1.6 3.9 12.1 6.6 5.5 6.1 5.8 3.0 4.8 20.1 7.0 13.1 12.1 7.0 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 13.1 4.1 9.0 87.1 1.1 1.9 1.6 3.9 12.1 6.5 5.5 6.1 5.8 2.9 4.8 20.3 7.2 13.1 12.2 7.0 2.0 3.1 8.2 1.1 7.1 3.9 1.0 2.9 2.2 12.9 4.1 8.9 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 19.9 19.8 19.9 19.8 19.9 19.9 19.8 20.0 19.8 19.6 19.0 19.0 32 Private services‐producing industries 2 …………………………………………………………………………… 66.8 67.1 66.6 66.8 66.8 66.9 66.9 66.9 67.2 67.4 67.9 68.1 1 IV 100.0 2014 II III 100.0 100.0 I 100.0 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis - 10 - November 5, 2015 Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Line 2013 2014 2013 I 1 II Seasonally adjusted at annual rates 2014 III IV I II III 2.5 3.9 1.3 4.6 4.2 2015 IV I II All industries…………………………………………………………………………………………………………… 1.6 3.1 ‐0.7 3.3 2 Private industries………………………………………………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 4 Mining…………………………………………………………………………………………………………………………… 5 Utilities………………………………………………………………………………………………………………………… 6 Construction………………………………………………………………………………………………………………… 7 Manufacturing……………………………………………………………………………………………………………… 8 Durable goods…………………………………………………………………………………………………………… 9 Nondurable goods……………………………………………………………………………………………………… 10 Wholesale trade…………………………………………………………………………………………………………… 11 Retail trade…………………………………………………………………………………………………………………… 12 Transportation and warehousing…………………………………………………………………………………… 13 Information…………………………………………………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 15 Finance and insurance………………………………………………………………………………………………… 16 Real estate and rental and leasing……………………………………………………………………………… 17 Professional and business services………………………………………………………………………………… 18 Professional, scientific, and technical services…………………………………………………………… 19 Management of companies and enterprises……………………………………………………………… 20 Administrative and waste management services………………………………………………………… 21 Educational services, health care, and social assistance………………………………………………… 22 Educational services…………………………………………………………………………………………………… 23 Health care and social assistance………………………………………………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 25 Arts, entertainment, and recreation…………………………………………………………………………… 26 Accommodation and food services……………………………………………………………………………… 27 Other services, except government……………………………………………………………………………… 28 Government………………………………………………………………………………………………………………… 29 Federal…………………………………………………………………………………………………………………………… 30 State and local……………………………………………………………………………………………………………… 2.1 5.9 6.0 2.8 2.6 1.6 1.2 1.9 2.5 3.2 1.5 3.5 1.9 2.5 1.6 1.7 0.7 4.2 2.3 1.4 0.3 1.6 1.9 2.2 1.8 0.4 ‐2.3 ‐5.7 ‐0.5 3.6 2.1 9.9 ‐0.2 3.1 3.2 5.6 1.2 4.4 1.2 4.4 5.4 2.8 1.6 3.7 5.0 3.7 7.6 6.3 3.0 1.4 3.2 3.7 3.2 3.8 4.2 ‐0.5 ‐2.2 0.4 ‐0.3 21.2 3.6 ‐0.1 ‐0.9 0.8 1.4 0.3 5.5 10.2 ‐1.8 ‐2.6 ‐0.8 5.9 ‐5.2 ‐9.0 ‐0.6 ‐28.3 ‐11.8 ‐0.6 0.8 ‐0.8 3.2 0.3 4.2 ‐11.8 ‐3.9 ‐10.1 ‐0.6 4.0 10.0 14.3 11.8 5.8 2.4 3.2 1.6 ‐2.1 ‐1.2 4.0 3.0 3.3 1.8 4.5 12.5 6.8 23.9 18.7 3.4 3.2 3.4 ‐3.8 ‐4.3 ‐3.6 8.8 ‐1.8 ‐5.0 ‐0.2 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 2.3 3.7 1.8 4.1 3.0 3.0 3.3 5.5 4.8 0.4 2.4 3.6 32 Private services‐producing industries 2 …………………………………………………………………………… 2.0 3.5 ‐1.2 3.9 3.1 5.6 0.4 5.0 4.4 4.4 0.7 3.3 3.1 10.3 15.8 ‐5.7 9.0 0.1 ‐0.6 0.8 11.5 4.2 0.5 9.4 0.2 ‐4.2 3.5 4.6 3.3 10.6 3.6 2.1 0.7 2.3 2.6 7.6 1.0 ‐1.9 ‐2.3 ‐6.9 0.0 4.8 ‐0.4 ‐7.7 9.8 0.5 5.0 8.3 2.2 11.2 1.2 5.0 7.8 4.4 7.4 2.4 6.3 5.2 6.1 9.0 3.9 1.2 4.4 7.7 12.4 6.2 5.3 ‐2.4 ‐8.4 0.5 1.3 ‐5.8 20.3 12.5 1.7 2.7 5.1 0.4 ‐6.6 ‐3.7 4.1 3.9 2.0 ‐0.5 3.9 1.5 ‐3.6 9.4 8.2 ‐2.3 0.9 ‐2.8 ‐0.5 ‐0.6 ‐0.5 0.7 1.0 2.9 0.1 5.1 7.2 21.3 ‐20.7 4.0 4.1 5.8 2.5 9.3 7.1 4.8 4.3 3.5 3.0 3.8 5.9 9.4 ‐0.2 2.5 6.4 1.3 7.2 7.0 ‐2.5 10.3 9.9 0.1 ‐1.5 0.9 4.5 1.0 4.9 ‐7.1 ‐0.6 6.1 14.3 ‐0.9 7.5 3.7 5.2 3.3 3.0 0.0 5.1 5.5 7.2 9.0 ‐0.5 6.6 1.8 7.3 5.5 6.6 5.1 4.9 1.8 4.5 0.5 2.6 1.2 3.1 3.1 6.6 ‐8.1 6.5 7.7 ‐0.6 ‐3.1 1.9 3.7 ‐4.6 9.1 6.7 3.6 4.0 3.3 5.9 3.8 6.1 10.8 6.1 3.6 6.5 4.8 1.8 5.8 5.8 ‐1.4 ‐5.7 0.7 1.2 0.1 ‐9.7 ‐3.6 5.7 3.0 ‐1.2 7.5 ‐8.7 2.6 ‐4.1 1.9 2.9 5.1 1.3 ‐0.2 ‐2.0 0.7 3.3 5.3 0.6 6.0 3.0 2.7 3.1 ‐5.3 1.3 2.1 0.9 3.4 ‐4.0 ‐26.0 ‐16.2 23.5 3.0 2.6 3.4 2.7 7.6 ‐0.6 5.0 1.6 2.3 1.0 4.6 4.0 3.8 6.4 3.5 2.0 3.8 6.8 4.1 7.7 11.0 0.7 ‐0.1 1.1 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis - 11 - November 5, 2015 Table 7. Chain‐Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Line 2013 2014 Seasonally adjusted at annual rates 2014 2013 I III IV I II III 2015 All industries…………………………………………………………………………………………………………… 1.5 1.6 2.2 0.6 1.6 1.2 3.0 2.1 0.6 IV ‐1.7 2 Private industries………………………………………………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 4 Mining…………………………………………………………………………………………………………………………… 5 Utilities………………………………………………………………………………………………………………………… 6 Construction………………………………………………………………………………………………………………… 7 Manufacturing……………………………………………………………………………………………………………… 8 Durable goods…………………………………………………………………………………………………………… 9 Nondurable goods……………………………………………………………………………………………………… 10 Wholesale trade…………………………………………………………………………………………………………… 11 Retail trade…………………………………………………………………………………………………………………… 12 Transportation and warehousing…………………………………………………………………………………… 13 Information…………………………………………………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 15 Finance and insurance………………………………………………………………………………………………… 16 Real estate and rental and leasing……………………………………………………………………………… 17 Professional and business services………………………………………………………………………………… 18 Professional, scientific, and technical services…………………………………………………………… 19 Management of companies and enterprises……………………………………………………………… 20 Administrative and waste management services………………………………………………………… 21 Educational services, health care, and social assistance………………………………………………… 22 Educational services…………………………………………………………………………………………………… 23 Health care and social assistance………………………………………………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 25 Arts, entertainment, and recreation…………………………………………………………………………… 26 Accommodation and food services……………………………………………………………………………… 27 Other services, except government……………………………………………………………………………… 28 Government………………………………………………………………………………………………………………… 29 Federal…………………………………………………………………………………………………………………………… 30 State and local……………………………………………………………………………………………………………… 1.5 1.8 2.6 4.1 2.7 0.1 0.5 ‐0.1 1.1 1.1 1.7 0.8 2.7 3.4 2.1 1.5 1.6 1.0 1.5 1.6 2.6 1.4 2.0 1.7 2.1 2.5 1.9 1.1 2.2 1.5 ‐0.7 ‐2.2 6.6 3.5 0.7 1.2 0.2 1.0 1.3 1.8 0.5 2.7 3.2 2.3 1.2 1.5 ‐0.5 1.7 1.6 2.5 1.4 2.4 1.9 2.5 2.2 2.1 1.9 2.1 2.2 10.9 7.9 4.0 3.7 1.4 1.0 1.7 0.9 ‐0.9 3.0 1.6 2.1 2.1 2.2 2.9 2.2 6.1 2.4 2.0 3.1 1.8 1.6 1.2 1.7 3.7 2.2 1.2 2.6 0.5 ‐15.5 7.1 7.4 3.1 ‐3.1 ‐0.3 ‐5.5 ‐0.8 3.3 ‐0.9 0.8 2.9 4.2 1.9 1.5 2.4 ‐0.8 1.0 1.2 2.1 1.0 2.6 0.7 3.2 2.3 1.0 0.3 1.4 1.5 ‐7.9 9.6 0.5 2.6 1.5 0.2 2.6 0.4 0.8 2.8 ‐0.7 3.0 3.5 2.6 ‐0.2 0.5 ‐5.0 1.5 1.2 1.9 1.1 2.6 3.3 2.4 1.8 2.3 1.5 2.6 0.9 ‐13.7 ‐15.3 5.8 4.8 0.7 1.9 ‐0.4 1.1 2.7 1.8 ‐0.6 3.2 4.5 2.3 0.3 0.8 ‐2.3 1.0 1.8 2.9 1.6 1.0 1.5 0.8 2.4 3.3 6.6 1.9 3.2 14.4 18.0 18.7 4.2 2.8 1.8 3.7 3.5 ‐1.8 2.4 2.7 2.7 3.4 2.3 2.5 2.6 3.2 2.0 1.6 3.0 1.4 2.6 3.0 2.5 2.5 1.6 ‐0.6 2.7 2.1 17.3 ‐0.3 4.9 1.5 2.0 0.9 3.1 0.3 1.9 3.4 ‐0.5 2.6 2.7 2.5 1.1 0.9 ‐0.5 2.6 1.9 3.2 1.7 3.0 1.1 3.6 2.0 2.3 2.3 2.3 0.4 ‐13.0 ‐16.7 ‐2.2 4.7 0.3 1.7 ‐1.1 ‐1.4 2.0 0.0 1.2 2.1 2.5 1.9 1.3 1.8 ‐1.5 2.0 1.4 0.8 1.5 2.6 1.5 2.9 2.1 2.2 1.9 2.3 ‐1.9 ‐6.4 ‐34.6 ‐0.6 2.6 ‐7.8 0.2 ‐14.9 1.1 5.8 ‐1.8 ‐1.4 1.3 0.6 1.8 1.3 1.0 2.5 1.2 1.4 2.3 1.3 2.4 ‐0.3 3.3 2.3 ‐0.3 ‐0.3 ‐0.2 ‐5.3 ‐20.8 ‐58.0 ‐0.4 ‐0.5 ‐16.0 0.0 ‐29.5 1.3 ‐2.7 ‐4.3 ‐1.2 2.4 2.7 2.2 1.3 1.2 1.5 1.3 0.2 2.4 ‐0.1 3.1 4.5 2.7 1.8 ‐1.1 0.2 ‐1.7 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………………… 0.8 0.8 2.7 ‐2.4 1.7 ‐1.0 4.7 2.6 ‐1.4 ‐8.7 ‐17.9 0.8 32 Private services‐producing industries 2 …………………………………………………………………………… 1.8 1.8 1.9 1.8 1.4 1.8 2.5 1.8 1.3 1.3 0.7 1.6 1 II 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis - 12 - I ‐4.8 II 1.4 1.4 ‐2.9 16.8 ‐4.6 ‐0.9 0.4 ‐1.2 2.1 ‐0.6 1.3 ‐1.5 0.5 3.7 4.8 3.0 0.9 0.4 0.9 2.0 2.0 2.4 2.0 2.2 4.6 1.4 2.7 1.8 1.5 1.9 November 5, 2015 Table 8. Gross Output by Industry Group Line 1 Billions of dollars Seasonally adjusted at annual rates 2013 2014 2013 2014 2015 I II III IV I II III IV I II All industries……………………………………………………………………………………………………………29,571.6 30,971.0 29,122.1 29,399.6 29,693.4 30,071.1 30,392.3 30,893.7 31,264.6 31,333.6 31,044.1 31,391.7 2 Private industries………………………………………………………………………………………………………… 26,187.1 27,532.9 25,734.0 26,018.1 26,312.8 26,683.3 26,982.8 27,463.6 27,800.8 27,884.2 27,593.4 27,919.5 3 Agriculture, forestry, fishing, and hunting……………………………………………………………………… 482.2 488.8 492.6 483.7 485.4 467.2 476.0 503.9 487.8 487.6 460.1 452.0 4 Mining…………………………………………………………………………………………………………………………… 619.9 666.5 587.9 618.3 656.3 617.2 673.8 706.9 683.5 601.9 472.4 455.4 5 Utilities………………………………………………………………………………………………………………………… 392.5 417.8 378.1 395.7 390.5 405.5 436.0 416.3 406.5 412.3 408.1 385.9 6 Construction………………………………………………………………………………………………………………… 1,128.3 1,204.0 1,090.8 1,114.7 1,146.4 1,161.4 1,178.5 1,194.3 1,206.3 1,237.1 1,252.6 1,317.3 7 Manufacturing……………………………………………………………………………………………………………… 5,942.5 6,178.1 5,919.2 5,906.5 5,930.7 6,013.5 6,094.4 6,186.6 6,283.6 6,147.7 5,929.1 5,978.9 8 Durable goods…………………………………………………………………………………………………………… 2,783.6 2,974.4 2,752.8 2,772.3 2,770.1 2,839.2 2,887.7 2,935.3 3,048.3 3,026.1 3,016.8 3,027.0 9 Nondurable goods……………………………………………………………………………………………………… 3,158.9 3,203.7 3,166.4 3,134.2 3,160.7 3,174.3 3,206.7 3,251.3 3,235.3 3,121.6 2,912.3 2,952.0 10 Wholesale trade…………………………………………………………………………………………………………… 1,495.0 1,576.8 1,471.0 1,460.3 1,502.2 1,546.7 1,533.6 1,569.6 1,592.5 1,611.6 1,580.2 1,588.4 11 Retail trade…………………………………………………………………………………………………………………… 1,512.4 1,550.3 1,493.4 1,501.2 1,520.0 1,534.9 1,513.4 1,546.9 1,568.5 1,572.1 1,571.5 1,605.5 12 Transportation and warehousing…………………………………………………………………………………… 1,006.6 1,069.0 992.7 1,000.2 1,008.3 1,025.1 1,041.6 1,063.0 1,076.4 1,095.0 1,071.9 1,066.3 13 Information…………………………………………………………………………………………………………………… 1,426.1 1,510.8 1,395.0 1,408.3 1,437.9 1,463.0 1,487.1 1,501.1 1,517.8 1,537.1 1,539.8 1,560.3 14 Finance, insurance, real estate, rental, and leasing………………………………………………………… 5,020.4 5,298.9 4,920.3 4,996.0 5,035.3 5,130.2 5,190.9 5,268.7 5,335.7 5,400.2 5,471.1 5,543.0 15 Finance and insurance………………………………………………………………………………………………… 2,080.1 2,181.7 2,044.3 2,074.8 2,070.3 2,131.1 2,146.1 2,176.4 2,189.7 2,214.5 2,257.0 2,296.8 16 Real estate and rental and leasing……………………………………………………………………………… 2,940.3 3,117.2 2,875.9 2,921.2 2,965.0 2,999.2 3,044.8 3,092.3 3,146.0 3,185.7 3,214.1 3,246.3 17 Professional and business services………………………………………………………………………………… 3,139.3 3,336.6 3,032.9 3,135.3 3,169.0 3,219.9 3,252.5 3,307.7 3,363.0 3,423.2 3,432.2 3,478.4 18 Professional, scientific, and technical services…………………………………………………………… 1,804.2 1,898.8 1,759.2 1,798.9 1,815.8 1,842.7 1,837.7 1,883.6 1,925.5 1,948.5 1,944.5 1,965.6 19 Management of companies and enterprises……………………………………………………………… 559.0 598.4 533.0 561.3 568.3 573.3 590.8 589.7 600.2 612.9 616.2 623.3 20 Administrative and waste management services………………………………………………………… 776.1 839.4 740.7 775.1 784.8 803.9 824.0 834.4 837.4 861.8 871.5 889.5 21 Educational services, health care, and social assistance………………………………………………… 2,301.3 2,407.0 2,264.6 2,290.2 2,308.9 2,341.4 2,337.0 2,384.5 2,430.9 2,475.7 2,509.3 2,543.8 22 Educational services…………………………………………………………………………………………………… 307.8 319.9 303.0 307.0 309.0 312.1 315.1 318.6 320.6 325.3 327.7 331.3 23 Health care and social assistance………………………………………………………………………………… 1,993.5 2,087.1 1,961.6 1,983.2 1,999.9 2,029.3 2,021.9 2,065.9 2,110.3 2,150.4 2,181.5 2,212.5 24 Arts, entertainment, recreation, accommodation, and food services…………………………… 1,118.6 1,186.8 1,108.2 1,104.5 1,119.0 1,142.6 1,148.6 1,176.7 1,200.1 1,221.7 1,240.2 1,267.5 25 Arts, entertainment, and recreation…………………………………………………………………………… 279.9 294.1 275.8 273.2 280.6 289.9 291.7 290.7 296.5 297.6 303.0 309.4 26 Accommodation and food services……………………………………………………………………………… 838.7 892.7 832.4 831.2 838.4 852.7 857.0 886.0 903.6 924.1 937.2 958.1 27 Other services, except government……………………………………………………………………………… 602.1 641.5 587.3 603.2 603.1 614.6 619.5 637.3 648.3 661.1 655.0 676.7 28 Government………………………………………………………………………………………………………………… 3,384.5 3,438.2 3,388.1 3,381.5 3,380.6 3,387.8 3,409.5 3,430.1 3,463.8 3,449.4 3,450.7 3,472.2 29 Federal…………………………………………………………………………………………………………………………… 1,098.4 1,094.2 1,117.9 1,104.5 1,088.9 1,082.4 1,088.4 1,090.4 1,107.5 1,090.5 1,096.7 1,100.6 30 State and local……………………………………………………………………………………………………………… 2,286.1 2,344.0 2,270.2 2,277.0 2,291.8 2,305.4 2,321.1 2,339.6 2,356.2 2,358.9 2,354.0 2,371.6 Addenda: 1 31 Private goods‐producing industries ……………………………………………………………………………… 8,173.0 8,537.5 8,090.5 8,123.2 8,218.8 8,259.3 8,422.7 8,591.7 8,661.2 8,474.2 8,114.2 8,203.7 2 32 Private services‐producing industries ……………………………………………………………………………18,014.1 18,995.4 17,643.5 17,894.9 18,094.0 18,424.0 18,560.1 18,872.0 19,139.6 19,410.0 19,479.3 19,715.8 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis - 13 -
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