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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, JULY 21, 2016 Technical: Media: Amanda Lyndaker Edward Morgan Jeannine Aversa (301) 278‐9108 (301) 278‐9541 (301) 278‐9003 BEA 16‐38 IndustryEconomicAccounts@bea.gov Jeannine.Aversa@bea.gov Gross Domestic Product by Industry: First Quarter 2016 Construction Led Growth in the First Quarter Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. According to statistics on the breakout of gross domestic product (GDP) by industry released by the Bureau of Economic Analysis, 11 of 22 industry groups contributed to the overall 1.1 percent increase in real GDP in the first quarter. Real GDP and Real Value Added by Sector Percent Change 6 5 4 3 2 1 0 ‐1 2015:Q1 GDP 2015:Q2 Private Goods 2015:Q3 Private Services 2015:Q4 2016:Q1 Government U.S. Bureau of Economic Analysis For the construction industry group, real value added—a measure of an industry’s contribution to GDP—increased 9.0 percent in the first quarter, after increasing 7.6 percent in the fourth quarter of 2015. This was the eighth consecutive quarterly increase. Health care and social assistance increased 3.8 percent, after increasing 2.1 percent. The first quarter growth primarily reflected an increase in ambulatory health care services, which includes offices of physicians and outpatient care centers. Retail trade increased 4.8 percent, after increasing 0.3 percent. Real Value Added by Industry Percent Change Construction 15 Wholesale trade 10 Retail trade 5 Transportation and warehousing 0 Information ‐5 Health care and social assistance ‐10 2015:Q4 2016:Q1 U.S. Bureau of Economic Analysis Other highlights Real GDP growth slowed to 1.1 percent in the first quarter, from 1.4 percent in the fourth quarter. Information services was the leading contributor to the deceleration in real GDP. Real value added for the industry group increased 4.9 percent, after increasing 10.6 percent in the fourth quarter. The deceleration was primarily attributed to a slowdown in broadcasting and telecommunications. Wholesale trade was the second leading contributor to the deceleration, decreasing less than 0.1 percent after increasing 3.5 percent. Transportation and warehousing decreased 8.8 percent, after decreasing 2.9 percent, primarily reflecting a larger decrease for air transportation. Gross output by industry Real gross output—principally 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 first quarter. This reflected increases in real gross output for both the private goods‐ and services‐producing sectors, as well as the government sector. Overall, real gross output increased in 16 of 22 industry groups. -2- Percent Change Real Gross Output by Industry Construction 15 Wholesale trade 10 Retail trade 5 Transportation and warehousing 0 Information ‐5 Health care and social assistance ‐10 2015:Q4 2016:Q1 U.S. Bureau of Economic Analysis Real gross output for construction increased 14.5 percent, after increasing 4.9 percent in the fourth quarter. Information services increased 2.3 percent, after increasing 10.8 percent, primarily reflecting growth in the motion picture and sound recording industry. Health care and social assistance increased 7.3 percent, after increasing 1.5 percent. The increase reflected growth in both ambulatory health care services and hospitals. Upcoming Annual Revision of the Industry Economic Accounts The annual revision of the industry economic accounts, covering the first quarter of 2013 through the first quarter of 2016, will be released along with the estimate of quarterly GDP by industry for the second quarter of 2016 on November 3. All revisions will be fully consistent with the results of the annual revision of the national income and product accounts, which will be released on July 29. * * * Next release – November 3, 2016 at 8:30 A.M. EDT for: Gross Domestic Product by Industry: Second Quarter 2016 Annual Revision of the Industry Economic Accounts -3- Additional Information Current‐dollar estimates are valued in the prices of the period when the transactions occurred—that is, at “market value.” Also referred to as “nominal estimates” or as “current‐price estimates.” Resources Additional resources available at www.bea.gov: Stay informed about BEA developments by signing up for our email subscription service, following us on Twitter @BEA_News, or reading our blog at blog.bea.gov Historical time series for these estimates can be accessed in BEA’s Interactive Data Application For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business BEA's news release schedule Access BEA data by registering for BEA’s Data Application Programming Interface (API) Industry Concepts and Methods: Concepts and Methods of the U.S. Input‐Output Accounts Real values are inflation‐adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Seasonal adjustment and annual rates. Monthly and quarterly values are expressed at seasonally‐adjusted annual rates (SAAR). Dollar changes are calculated as the difference between these SAAR values. For details, see the FAQ “Why does BEA publish estimates at annual rates?” Quantities and prices. Quantities, or “real” measures, and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2009). Quantity and price indexes are calculated using a Fisher‐chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). “Real” dollar series are calculated by multiplying the published quantity index by the current dollar value in the reference year (2009) and then dividing by 100. Percent changes calculated from chained‐dollar levels and quantity indexes are conceptually the same; any differences are due to rounding. Definitions Gross domestic product (GDP) or value added is the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Chained‐dollar values are not additive because the relative weights for a given period differ from those of the reference year. In tables that display chained‐dollar values, the value of the "Not allocated by industry" line reflects the difference between the first line and the sum of the most detailed lines, as well as the differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Gross output (GO) is the value of the goods and services produced by the nation’s economy. It is principally measured using industry sales or receipts, including sales to final users (GDP) or sales to other industries (intermediate inputs). List of News Release Tables Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Table 2. Contributions to Percent Change in Real GDP by Industry Group Table 3. Chain‐Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Table 5. Value Added by Industry Group Table 5a. Value Added by Industry Group as a Percentage of GDP Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Table 7. Chain‐Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Table 8. Gross Output by Industry Group -4- July 21, 2016 Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Line 2014 2014 2015 II I 1 Gross domestic product…………………………………………………… 2 Private industries…………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………… 4 Mining……………………………………………………………………………… 5 Utilities……………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods……………………………………………………………… 9 10 Wholesale trade…………………………………………………………………… 11 Retail trade………………………………………………………………………… 12 Transportation and warehousing………………………………………………… 13 Information………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing…………………………… Finance and insurance………………………………………………………… 15 Real estate and rental and leasing…………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services……………………………… 18 Management of companies and enterprises………………………………… 19 Administrative and waste management services…………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services…………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services………… Arts, entertainment, and recreation…………………………………………… 25 Accommodation and food services…………………………………………… 26 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… Seasonally adjusted at annual rates 2015 III IV I II III 4.3 2.1 0.6 3.9 2.0 2.4 2.4 -0.9 4.6 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 2.8 8.9 5.1 -5.2 5.0 1.3 0.9 1.8 2.9 3.6 -2.1 6.3 1.8 1.4 2.0 4.8 5.0 5.2 4.0 2.9 -0.1 3.4 1.8 2.8 1.4 1.3 -0.3 -0.7 -0.2 -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 2.3 2.6 3.1 2.7 -4.3 -1.0 6.5 4.4 2.9 6.2 5.5 1.0 2.7 0.4 0.2 5.5 1.4 2016 I 1.1 2.1 37.5 -8.3 -0.9 7.1 2.6 1.0 4.4 -5.8 7.1 1.1 0.4 -0.5 -1.3 -0.1 4.2 3.9 5.2 4.3 5.3 4.4 5.5 3.4 7.0 2.2 -0.4 0.4 -0.3 0.7 2.0 1.1 -10.7 -5.4 7.6 2.4 0.6 4.5 3.5 0.3 -2.9 10.6 -0.4 -3.1 1.2 3.8 3.9 5.9 2.4 1.9 0.3 2.1 2.6 5.7 1.6 3.9 -0.4 -0.3 -0.5 1.3 0.9 -11.1 -7.1 9.0 1.4 -0.6 3.8 0.0 4.8 -8.8 4.9 1.1 1.5 0.8 2.5 3.7 4.7 -1.4 3.2 -1.1 3.8 -2.8 -3.2 -2.6 -0.4 0.2 -0.1 0.3 4.2 1.5 2.2 1.9 2.1 1.2 IV 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- July 21, 2016 Table 2. Contributions to Percent Change in Real GDP by Industry Group Line 2014 2014 2015 II I 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…………………………………………………………………… 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 1 Seasonally adjusted at annual rates 2015 III IV I II III 2016 I IV 2.4 2.4 -0.9 4.6 4.3 2.1 0.6 3.9 2.0 1.4 1.1 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 2.40 0.10 0.12 -0.09 0.19 0.17 0.07 0.11 0.18 0.21 -0.06 0.30 0.37 0.10 0.27 0.57 0.35 0.10 0.12 0.24 0.00 0.24 0.07 0.03 0.04 0.03 -0.04 -0.03 -0.01 -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 1.82 0.35 -0.15 -0.01 0.27 0.31 0.07 0.24 -0.36 0.40 0.03 0.02 -0.11 -0.09 -0.02 0.51 0.27 0.10 0.13 0.43 0.05 0.38 0.13 0.07 0.06 -0.01 0.05 -0.01 0.07 1.70 0.01 -0.17 -0.09 0.30 0.29 0.04 0.24 0.20 0.02 -0.09 0.49 -0.07 -0.22 0.15 0.46 0.27 0.12 0.07 0.16 0.00 0.15 0.10 0.06 0.05 0.08 -0.05 -0.01 -0.04 1.17 0.01 -0.15 -0.12 0.36 0.16 -0.04 0.20 0.00 0.28 -0.27 0.23 0.22 0.10 0.11 0.31 0.26 0.09 -0.05 0.26 -0.01 0.28 -0.11 -0.03 -0.08 -0.01 0.02 -0.01 0.03 0.45 1.74 0.59 1.81 -0.87 -0.68 1.27 2.94 0.58 4.10 1.06 0.68 0.54 0.26 0.05 3.71 0.78 1.04 0.42 1.28 0.38 0.79 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 industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of real GDP. Source: U.S. Bureau of Economic Analysis -6- July 21, 2016 Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Line 2014 2014 2015 II I 1 Gross domestic product…………………………………………………… 2 Private industries…………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………… 4 Mining……………………………………………………………………………… 5 Utilities……………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods……………………………………………………………… 9 10 Wholesale trade…………………………………………………………………… 11 Retail trade………………………………………………………………………… 12 Transportation and warehousing………………………………………………… 13 Information………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing…………………………… Finance and insurance………………………………………………………… 15 Real estate and rental and leasing…………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services……………………………… 18 Management of companies and enterprises………………………………… 19 Administrative and waste management services…………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services…………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services………… Arts, entertainment, and recreation…………………………………………… 25 Accommodation and food services…………………………………………… 26 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… Seasonally adjusted at annual rates 2015 III IV I II III 1.6 0.1 0.1 2.1 1.3 1.6 1.0 1.5 2.2 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 0.9 -16.3 -36.4 8.3 2.8 2.0 3.5 0.3 0.5 1.6 6.6 -1.0 2.9 2.9 2.9 1.7 1.4 1.5 2.7 2.1 4.0 1.8 4.7 3.5 5.2 3.5 2.5 2.2 2.6 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 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 1.3 2.0 -4.3 2.4 3.1 1.9 3.9 2.2 -0.4 1.4 -7.1 2.5 -12.6 3.4 4.7 1.7 0.9 2016 I 0.4 1.3 -3.1 -36.3 5.2 3.1 1.5 2.1 0.9 2.0 1.9 1.0 2.6 2.7 2.4 2.9 1.6 1.9 1.8 0.9 2.5 2.6 2.4 4.3 1.8 5.2 3.6 2.1 2.1 2.1 0.4 -22.0 -30.4 2.3 3.0 -3.8 1.5 -9.7 0.5 2.3 7.6 -1.2 2.5 0.9 3.4 1.8 1.4 0.8 3.2 3.3 4.7 3.0 3.6 0.1 4.8 3.2 2.3 3.0 2.0 -0.1 -22.0 -47.2 2.5 1.1 -5.0 -0.1 -10.6 0.0 -1.8 9.4 -0.9 2.5 2.1 2.6 2.7 2.1 2.9 3.8 3.0 4.0 2.9 7.8 6.9 8.1 4.0 2.4 3.6 1.8 -2.7 2.5 -6.1 2.3 -8.6 2.4 IV 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- July 21, 2016 Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Line 2014 2014 2015 II I 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…………………………………………………………………… 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 1 Seasonally adjusted at annual rates 2015 III IV I II III 2016 I IV 1.6 1.0 1.5 2.2 1.6 0.1 0.1 2.1 1.3 0.9 0.4 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 0.75 -0.21 -0.98 0.13 0.11 0.23 0.22 0.01 0.03 0.09 0.19 -0.05 0.58 0.20 0.38 0.21 0.09 0.03 0.08 0.17 0.04 0.13 0.18 0.03 0.14 0.08 0.32 0.09 0.23 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 1.14 -0.04 -0.79 0.08 0.12 0.19 0.14 0.05 0.12 0.11 0.03 0.13 0.54 0.17 0.38 0.20 0.13 0.04 0.03 0.20 0.03 0.17 0.16 0.02 0.15 0.08 0.27 0.08 0.19 0.38 -0.27 -0.55 0.04 0.12 -0.47 0.09 -0.56 0.03 0.13 0.22 -0.06 0.51 0.06 0.45 0.21 0.10 0.02 0.10 0.27 0.05 0.22 0.14 0.00 0.14 0.07 0.30 0.12 0.18 -0.05 -0.26 -0.84 0.04 0.04 -0.61 0.00 -0.61 0.00 -0.11 0.27 -0.05 0.49 0.15 0.34 0.33 0.15 0.06 0.12 0.25 0.04 0.21 0.30 0.07 0.23 0.09 0.30 0.14 0.16 0.27 1.32 -0.86 1.61 0.49 1.08 0.82 1.54 0.01 1.02 -1.41 1.75 -2.54 2.33 0.88 1.14 -0.52 1.66 -1.17 1.55 -1.66 1.61 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 industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of GDP price growth. Source: U.S. Bureau of Economic Analysis -8- July 21, 2016 Table 5. Value Added by Industry Group Line 1 Billions of dollars Seasonally adjusted at annual rates 2014 2015 2014 2015 2016 II III IV I II III IV I I Gross domestic product…………………………………………………… 17,348.1 17,947.0 16,984.3 17,270.0 17,522.1 17,615.9 17,649.3 17,913.7 18,060.2 18,164.8 18,230.1 2 Private industries……………………………………………………………………15,073.5 15,623.4 14,729.9 15,000.9 15,238.9 15,324.2 15,344.3 15,597.1 15,729.3 15,822.9 15,873.6 3 Agriculture, forestry, fishing, and hunting……………………………………… 215.4 196.0 204.6 229.7 215.0 212.3 194.2 191.1 205.3 193.4 182.2 453.8 304.9 456.6 469.8 464.2 424.4 331.6 335.1 292.9 260.0 215.2 4 Mining……………………………………………………………………………… 288.3 285.0 277.8 278.7 281.8 286.0 287.9 290.9 288.5 285.0 5 Utilities……………………………………………………………………………… 280.8 664.0 716.9 643.0 656.7 669.3 687.0 694.2 706.5 724.1 743.0 761.2 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… 2,097.7 2,167.8 2,055.6 2,090.1 2,119.2 2,125.9 2,138.1 2,165.8 2,187.7 2,179.4 2,159.0 Durable goods………………………………………………………………… 1,125.5 1,175.3 1,097.2 1,113.0 1,139.6 1,152.2 1,160.4 1,172.2 1,181.2 1,187.5 1,185.5 8 Nondurable goods……………………………………………………………… 972.2 992.4 958.5 977.1 979.6 973.7 977.7 993.5 1,006.5 992.0 973.5 9 10 Wholesale trade…………………………………………………………………… 1,044.5 1,080.4 1,021.4 1,035.6 1,055.3 1,065.6 1,069.5 1,087.8 1,077.0 1,087.4 1,087.5 972.3 991.0 1,004.2 1,023.5 1,027.3 1,039.5 1,062.6 1,069.5 1,077.0 11 Retail trade………………………………………………………………………… 997.8 1,049.7 527.7 491.2 501.8 510.7 519.1 521.7 525.9 528.6 534.4 534.1 12 Transportation and warehousing………………………………………………… 505.7 868.0 818.7 825.9 823.6 830.8 845.6 864.7 871.0 890.7 899.3 13 Information………………………………………………………………………… 824.7 14 Finance, insurance, real estate, rental, and leasing…………………………… 3,470.6 3,635.6 3,365.2 3,452.2 3,536.5 3,528.3 3,554.7 3,642.9 3,662.5 3,682.2 3,714.4 Finance and insurance………………………………………………………… 1,222.9 1,275.5 1,164.9 1,220.5 1,269.7 1,236.5 1,234.7 1,289.2 1,292.6 1,285.3 1,296.9 15 Real estate and rental and leasing…………………………………………… 2,247.7 2,360.1 2,200.3 2,231.8 2,266.8 2,291.8 2,320.1 2,353.7 2,369.9 2,396.9 2,417.5 16 17 Professional and business services…………………………………………… 2,057.0 2,192.4 2,007.9 2,029.9 2,081.5 2,108.5 2,141.2 2,178.2 2,209.8 2,240.4 2,269.2 Professional, scientific, and technical services……………………………… 1,193.0 1,269.8 1,165.8 1,177.4 1,209.2 1,219.5 1,239.8 1,262.2 1,280.3 1,297.0 1,315.5 18 Management of companies and enterprises………………………………… 337.9 360.9 330.6 331.1 342.0 348.0 352.8 357.5 363.7 369.7 376.7 19 Administrative and waste management services…………………………… 526.0 561.6 511.4 521.4 530.4 541.0 548.6 558.5 565.8 573.7 577.0 20 21 Educational services, health care, and social assistance…………………… 1,419.6 1,491.9 1,393.3 1,407.7 1,429.0 1,448.6 1,461.1 1,476.8 1,505.2 1,524.4 1,547.9 Educational services…………………………………………………………… 192.8 200.3 190.1 191.9 193.8 195.3 197.5 198.0 201.5 204.0 205.4 22 Health care and social assistance…………………………………………… 1,226.9 1,291.6 1,203.2 1,215.7 1,235.2 1,253.3 1,263.6 1,278.8 1,303.7 1,320.4 1,342.5 23 703.8 643.3 654.6 666.1 677.4 686.6 697.0 710.3 721.3 729.7 24 Arts, entertainment, recreation, accommodation, and food services………… 660.3 Arts, entertainment, and recreation…………………………………………… 172.4 183.3 169.7 171.0 173.3 175.4 178.3 181.5 185.4 188.1 189.6 25 Accommodation and food services…………………………………………… 488.0 520.5 473.6 483.6 492.8 502.0 508.3 515.5 524.9 533.2 540.1 26 381.6 400.0 371.9 378.2 385.5 390.7 392.5 398.1 401.2 408.3 411.9 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 2,274.6 2,323.6 2,254.4 2,269.1 2,283.2 2,291.8 2,305.0 2,316.5 2,330.9 2,341.9 2,356.5 29 Federal…………………………………………………………………………… 718.0 729.1 715.3 717.7 719.6 719.3 724.7 726.9 730.0 734.9 741.1 30 State and local…………………………………………………………………… 1,556.6 1,594.5 1,539.0 1,551.4 1,563.6 1,572.4 1,580.3 1,589.6 1,600.9 1,607.0 1,615.4 31 32 Addenda: Private goods-producing industries1…………………………………………… 3,430.9 3,385.6 3,359.8 3,446.3 3,467.7 3,449.7 3,358.0 3,398.4 3,410.0 3,375.9 3,317.5 Private services-producing industries2………………………………………… 11,642.6 12,237.8 11,370.1 11,554.7 11,771.1 11,874.4 11,986.3 12,198.7 12,319.3 12,447.1 12,556.1 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 -9- July 21, 2016 Table 5a. Value Added by Industry Group as a Percentage of GDP Line 1 2014 Gross domestic product…………………………………………………… 2 Private industries…………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………… 4 Mining……………………………………………………………………………… 5 Utilities……………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods……………………………………………………………… 9 10 Wholesale trade…………………………………………………………………… 11 Retail trade………………………………………………………………………… 12 Transportation and warehousing………………………………………………… 13 Information………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing…………………………… Finance and insurance………………………………………………………… 15 Real estate and rental and leasing…………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services……………………………… 18 Management of companies and enterprises………………………………… 19 Administrative and waste management services…………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services…………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services………… Arts, entertainment, and recreation…………………………………………… 25 Accommodation and food services…………………………………………… 26 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 2015 2014 II III 100.0 100.0 IV 100.0 I 100.0 2015 II III 100.0 100.0 IV 100.0 2016 I 100.0 100.0 100.0 I 100.0 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 87.1 1.1 1.7 1.6 4.0 12.1 6.5 5.5 6.0 5.8 2.9 4.8 20.3 7.1 13.2 12.2 7.1 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 12.9 4.1 8.9 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 87.1 1.1 1.6 1.6 4.0 12.1 6.5 5.6 6.0 5.9 2.9 4.8 20.3 7.2 13.1 12.2 7.1 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 12.9 4.0 8.9 87.1 1.1 1.4 1.6 4.1 12.0 6.5 5.5 6.0 5.9 2.9 4.9 20.3 7.1 13.2 12.3 7.1 2.0 3.2 8.4 1.1 7.3 4.0 1.0 2.9 2.2 12.9 4.0 8.8 87.1 1.0 1.2 1.6 4.2 11.8 6.5 5.3 6.0 5.9 2.9 4.9 20.4 7.1 13.3 12.4 7.2 2.1 3.2 8.5 1.1 7.4 4.0 1.0 3.0 2.3 12.9 4.1 8.9 19.8 67.1 18.9 68.2 19.8 66.9 20.0 66.9 19.8 67.2 19.6 67.4 19.0 67.9 19.0 68.1 18.9 68.2 18.6 68.5 18.2 68.9 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. Detail may not add to total due to rounding. Source: U.S. Bureau of Economic Analysis - 10 - July 21, 2016 Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Line 2014 2014 2015 II I 1 Seasonally adjusted at annual rates 2015 III IV I II III 4.2 2.6 1.2 3.1 2.5 All industries…………………………………………………………………… 3.1 2.5 1.3 4.6 2 Private industries…………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………… 4 Mining……………………………………………………………………………… 5 Utilities……………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods……………………………………………………………… 9 10 Wholesale trade…………………………………………………………………… 11 Retail trade………………………………………………………………………… 12 Transportation and warehousing………………………………………………… 13 Information………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing…………………………… Finance and insurance………………………………………………………… 15 Real estate and rental and leasing…………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services……………………………… 18 Management of companies and enterprises………………………………… 19 Administrative and waste management services…………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services…………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services………… Arts, entertainment, and recreation…………………………………………… 25 Accommodation and food services…………………………………………… 26 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 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 2.8 2.6 -9.6 -5.6 8.5 2.7 2.0 3.5 -0.6 2.6 1.9 4.2 2.2 1.9 2.3 3.7 3.1 4.2 4.5 5.3 1.7 5.8 4.5 3.3 4.9 2.7 0.6 -0.1 0.9 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 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 3.7 3.5 2.8 2.8 3.3 0.4 5.5 5.0 4.8 4.4 0.4 4.4 2.4 0.7 3.6 3.3 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 0.8 2016 I 2.3 2.7 12.6 -7.6 7.2 7.6 4.8 4.6 5.0 -6.6 7.4 6.3 1.7 -1.5 -6.4 2.1 4.8 4.6 5.5 5.0 6.9 -0.1 7.9 0.6 0.4 0.6 -4.9 1.0 -0.3 1.6 0.8 1.7 -17.2 -17.0 4.9 -1.0 -2.7 0.7 -1.9 -5.2 -3.6 10.8 1.6 2.1 1.2 2.2 2.9 6.7 -2.4 1.6 2.7 1.5 7.1 13.7 5.1 7.9 1.0 1.6 0.8 2.5 1.1 -31.4 -10.5 14.5 1.2 -1.2 3.9 -6.7 7.6 1.6 2.3 1.9 0.7 2.7 6.4 8.4 7.3 1.5 6.4 0.4 7.3 1.0 0.0 1.4 4.5 0.2 -2.1 1.3 5.0 1.8 -0.8 1.4 1.8 2.8 IV 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 - July 21, 2016 Table 7. Chain-Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Line 2014 2014 2015 II I 1 Seasonally adjusted at annual rates 2015 III IV I II III 0.6 -1.7 -4.8 1.4 -0.1 IV -1.4 2016 I -1.4 All industries…………………………………………………………………… 1.6 -1.2 3.0 2.1 2 Private industries…………………………………………………………………… 3 Agriculture, forestry, fishing, and hunting……………………………………… 4 Mining……………………………………………………………………………… 5 Utilities……………………………………………………………………………… 6 Construction……………………………………………………………………… 7 Manufacturing……………………………………………………………………… Durable goods………………………………………………………………… 8 Nondurable goods……………………………………………………………… 9 10 Wholesale trade…………………………………………………………………… 11 Retail trade………………………………………………………………………… 12 Transportation and warehousing………………………………………………… 13 Information………………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing…………………………… Finance and insurance………………………………………………………… 15 Real estate and rental and leasing…………………………………………… 16 17 Professional and business services…………………………………………… Professional, scientific, and technical services……………………………… 18 Management of companies and enterprises………………………………… 19 Administrative and waste management services…………………………… 20 21 Educational services, health care, and social assistance…………………… Educational services…………………………………………………………… 22 Health care and social assistance…………………………………………… 23 24 Arts, entertainment, recreation, accommodation, and food services………… Arts, entertainment, and recreation…………………………………………… 25 Accommodation and food services…………………………………………… 26 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 29 Federal…………………………………………………………………………… 30 State and local…………………………………………………………………… 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 -1.4 -9.4 -29.5 -1.0 1.0 -6.4 -0.2 -12.2 0.5 1.3 -1.7 -0.2 2.3 2.3 2.3 1.2 1.1 0.9 1.5 1.3 2.1 1.1 2.5 2.3 2.6 2.1 0.6 0.9 0.5 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 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 -0.3 -5.3 -28.1 3.1 1.0 -4.2 -1.4 -7.0 1.7 1.6 -1.0 1.8 2.2 1.7 2.5 1.2 1.4 1.3 0.7 1.6 1.8 1.5 2.5 1.1 3.0 2.0 1.3 1.2 1.3 -1.6 -13.4 -25.4 -4.0 0.6 -6.6 -2.0 -11.2 -0.2 1.0 -1.2 -0.9 1.2 -0.6 2.4 0.8 0.7 0.0 1.5 1.5 2.3 1.4 1.1 -0.1 1.4 1.2 0.3 1.1 -0.1 -1.6 -11.1 -39.2 -2.5 -0.1 -8.3 -1.6 -14.9 -0.1 -1.1 -1.1 0.0 2.0 2.1 2.0 1.9 1.8 1.4 2.5 1.8 2.1 1.7 4.0 4.3 3.8 2.2 0.3 1.6 -0.4 0.8 1.8 -7.3 1.3 4.7 2.5 2.6 1.8 -1.4 1.3 -8.7 1.3 -17.9 0.7 0.8 1.6 -4.9 1.7 -6.8 0.6 -8.6 1.3 31 32 Addenda: Private goods-producing industries1…………………………………………… Private services-producing industries2………………………………………… 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 - July 21, 2016 Table 8. Gross Output by Industry Group Line 1 Billions of dollars Seasonally adjusted at annual rates 2014 2015 2014 2015 2016 II III IV I I I II III IV All industries……………………………………………………………………30,971.0 31,386.5 30,392.3 30,893.7 31,264.6 31,333.6 31,044.1 31,391.7 31,578.7 31,531.5 31,594.3 2 Private industries………………………………………………………………… 27,532.9 27,907.0 26,982.8 27,463.6 27,800.8 27,884.2 27,593.4 27,919.5 28,087.0 28,028.2 28,086.9 3 Agriculture, forestry, fishing, and hunting……………………………………… 488.8 454.2 476.0 503.9 487.8 487.6 460.1 452.0 459.4 445.1 433.4 425.9 673.8 706.9 683.5 601.9 472.4 455.4 411.2 364.5 292.9 4 Mining……………………………………………………………………………… 666.5 390.9 436.0 416.3 406.5 412.3 408.1 385.9 395.6 373.8 361.3 5 Utilities……………………………………………………………………………… 417.8 6 Construction……………………………………………………………………… 1,204.0 1,319.6 1,178.5 1,194.3 1,206.3 1,237.1 1,252.6 1,317.3 1,345.1 1,363.4 1,410.0 7 Manufacturing…………………………………………………………………… 6,178.1 5,940.3 6,094.4 6,186.6 6,283.6 6,147.7 5,929.1 5,978.9 5,985.1 5,868.1 5,760.2 Durable goods………………………………………………………………… 2,974.4 3,027.4 2,887.7 2,935.3 3,048.3 3,026.1 3,016.8 3,027.0 3,050.9 3,015.0 2,994.1 8 Nondurable goods……………………………………………………………… 3,203.7 2,912.9 3,206.7 3,251.3 3,235.3 3,121.6 2,912.3 2,952.0 2,934.2 2,853.1 2,766.1 9 10 Wholesale trade…………………………………………………………………… 1,576.8 1,574.0 1,533.6 1,569.6 1,592.5 1,611.6 1,580.2 1,588.4 1,567.8 1,559.8 1,532.5 11 Retail trade………………………………………………………………………… 1,550.3 1,610.3 1,513.4 1,546.9 1,568.5 1,572.1 1,571.5 1,605.5 1,641.2 1,623.1 1,648.9 12 Transportation and warehousing……………………………………………… 1,069.0 1,071.3 1,041.6 1,063.0 1,076.4 1,095.0 1,071.9 1,066.3 1,080.1 1,067.0 1,068.3 13 Information………………………………………………………………………… 1,510.8 1,571.2 1,487.1 1,501.1 1,517.8 1,537.1 1,539.8 1,560.3 1,573.8 1,611.0 1,619.9 14 Finance, insurance, real estate, rental, and leasing………………………… 5,298.9 5,539.0 5,190.9 5,268.7 5,335.7 5,400.2 5,471.1 5,543.0 5,552.0 5,589.8 5,644.4 Finance and insurance………………………………………………………… 2,181.7 2,274.8 2,146.1 2,176.4 2,189.7 2,214.5 2,257.0 2,296.8 2,268.6 2,276.9 2,292.7 15 Real estate and rental and leasing…………………………………………… 3,117.2 3,264.1 3,044.8 3,092.3 3,146.0 3,185.7 3,214.1 3,246.3 3,283.3 3,312.9 3,351.7 16 17 Professional and business services…………………………………………… 3,336.6 3,499.4 3,252.5 3,307.7 3,363.0 3,423.2 3,432.2 3,478.4 3,530.5 3,556.5 3,629.3 Professional, scientific, and technical services…………………………… 1,898.8 1,979.3 1,837.7 1,883.6 1,925.5 1,948.5 1,944.5 1,965.6 1,994.8 2,012.5 2,062.5 18 Management of companies and enterprises………………………………… 598.4 629.4 590.8 589.7 600.2 612.9 616.2 623.3 633.8 644.1 658.0 19 Administrative and waste management services…………………………… 839.4 890.7 824.0 834.4 837.4 861.8 871.5 889.5 902.0 899.9 908.8 20 21 Educational services, health care, and social assistance…………………… 2,407.0 2,566.6 2,337.0 2,384.5 2,430.9 2,475.7 2,509.3 2,543.8 2,596.5 2,616.8 2,669.1 Educational services…………………………………………………………… 319.9 332.2 315.1 318.6 320.6 325.3 327.7 331.3 332.7 336.9 339.1 22 Health care and social assistance…………………………………………… 2,087.1 2,234.4 2,021.9 2,065.9 2,110.3 2,150.4 2,181.5 2,212.5 2,263.8 2,279.9 2,330.0 23 24 Arts, entertainment, recreation, accommodation, and food services……… 1,186.8 1,271.9 1,148.6 1,176.7 1,200.1 1,221.7 1,240.2 1,267.5 1,277.2 1,302.8 1,318.8 Arts, entertainment, and recreation………………………………………… 294.1 310.9 291.7 290.7 296.5 297.6 303.0 309.4 310.6 320.6 324.0 25 Accommodation and food services………………………………………… 892.7 961.0 857.0 886.0 903.6 924.1 937.2 958.1 966.6 982.2 994.8 26 641.5 672.4 619.5 637.3 648.3 661.1 655.0 676.7 671.5 686.5 697.9 27 Other services, except government…………………………………………… 28 Government………………………………………………………………………… 3,438.2 3,479.5 3,409.5 3,430.1 3,463.8 3,449.4 3,450.7 3,472.2 3,491.7 3,503.3 3,507.4 29 Federal…………………………………………………………………………… 1,094.2 1,102.7 1,088.4 1,090.4 1,107.5 1,090.5 1,096.7 1,100.6 1,103.1 1,110.6 1,109.3 30 State and local…………………………………………………………………… 2,344.0 2,376.7 2,321.1 2,339.6 2,356.2 2,358.9 2,354.0 2,371.6 2,388.6 2,392.7 2,398.1 31 32 Addenda: 1 Private goods-producing industries …………………………………………… 8,537.5 8,139.9 8,422.7 8,591.7 8,661.2 8,474.2 8,114.2 8,203.7 8,200.8 8,041.0 7,896.5 Private services-producing industries2………………………………………… 18,995.4 19,767.1 18,560.1 18,872.0 19,139.6 19,410.0 19,479.3 19,715.8 19,886.2 19,987.2 20,190.4 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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