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Friday, July 20, 2018 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by Industry: First Quarter 2018 Real Estate and Rental and Leasing Led Growth in the First Quarter Real estate and rental and leasing; information; and nondurable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2018. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the first quarter. Percent Change Real GDP and Real Value Added by Sector 7 6 5 4 3 2 1 0 -1 2017:Q1 2017:Q2 GDP Private Goods 2017:Q3 2017:Q4 Private Services U.S. Bureau of Economic Analysis 2018:Q1 Government Seasonally adjusted annual rates Real estate and rental and leasing increased 3.3 percent in the first quarter, after increasing 1.9 percent in the fourth quarter. Information services increased 6.8 percent, after decreasing 0.2 percent. Nondurable goods manufacturing increased 3.8 percent, after increasing 3.1 percent. Percent Change Real Value Added by Industry Durable goods 8 Nondurable goods 6 Wholesale trade 4 Transportation and warehousing 2 Information 0 -2 Real estate and rental and leasing 2017:Q4 U.S. Bureau of Economic Analysis 2018:Q1 Seasonally adjusted annual rates BEA statistics—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 at www.bea.gov. E-mail alerts are also available.
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