The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Thursday, April 19, 2018 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by Industry: Fourth Quarter 2017 Durable Goods Manufacturing Led Growth in the Fourth Quarter Durable goods manufacturing; construction; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2017. Overall, 16 of 22 industry groups contributed to the 2.9 percent increase in real GDP in the fourth quarter. Percent Change Real GDP and Real Value Added by Sector 7 6 5 4 3 2 1 0 -1 2016:Q4 2017:Q1 GDP Private Goods 2017:Q2 2017:Q3 Private Services U.S. Bureau of Economic Analysis 2017:Q4 Government Seasonally adjusted annual rates Durable goods manufacturing increased 7.2 percent in the fourth quarter, after increasing 7.5 percent in the third quarter. Construction increased 8.5 percent, after decreasing 1.2 percent. Professional, scientific, and technical services increased 4.2 percent, after increasing 2.7 percent. Percent Change Real Value Added by Industry Agriculture, forestry, fishing, and hunting 15 Construction 10 Durable goods 5 Information 0 Finance and insurance -5 -10 Professional, scientific, and technical services 2017:Q3 U.S. Bureau of Economic Analysis 2017:Q4 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.
@FedFRASER