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FRIDAY July 25, 2014 Gross Domestic Product by Industry: First Quarter 2014 Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014. Both private services- and goods-producing industries contributed to the decrease, while the government sector increased slightly. Overall, 16 of 22 industry groups contributed to the decrease in U.S. economic activity. The leading contributors to the decrease were durable-goods manufacturing; wholesale trade; and agriculture, forestry, fishing, and hunting. Percent change from preceding period 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 -4.0 -6.0 Real GDP and Real Value Added by Sector 2012Q2 GDP 2012Q3 2012Q4 Private Goods 2013Q1 2013Q2 Private Services 2013Q3 2013Q4 Government 2014Q1 U.S. Bureau of Economic Analysis Real GDP turned down in the first quarter, declining 2.9 percent after an increase of 2.6 percent in the fourth quarter of 2013. Overall, 19 out of 22 industry groups contributed to the downturn in the percent change in real GDP. The leading contributors to the downturn were wholesale trade; professional, scientific, and technical services; and durable-goods manufacturing. Percentage points 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 Real GDP and Contributions to Percent Change in Real GDP Real GDP 2012Q2 2012Q3 2012Q4 Private Goods 2013Q1 2013Q2 Private Services 2013Q3 Government 2013Q4 2014Q1 U.S. Bureau of Economic Analysis BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce