The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Thursday, November 1, 2018 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by Industry: Second Quarter 2018 Information Services Led Growth in the Second Quarter Information; real estate and rental and leasing; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2018. Overall, 16 of 22 industry groups contributed to the 4.2 percent increase in real GDP in the second quarter. Percent Change Real GDP and Real Value Added by Sector 6 5 4 3 2 1 0 -1 2017:Q2 2017:Q3 GDP Private Goods 2017:Q4 2018:Q1 Private Services U.S. Bureau of Economic Analysis 2018:Q2 Government Seasonally adjusted annual rates Information services increased 13.4 percent in the second quarter, after increasing 4.3 percent in the first quarter. Real estate and rental and leasing increased 5.3 percent, after increasing 2.7 percent. Professional, scientific, and technical services increased 9.3 percent, after increasing 6.0 percent. Percent Change Real Value Added by Industry Mining 15 10 Durable goods 5 Information 0 Real estate and rental and leasing -5 -10 Professional, scientific, and technical services -15 -20 Health care and social assistance 2018:Q1 U.S. Bureau of Economic Analysis 2018:Q2 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