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Tuesday, October 29, 2019 Contact: Jeannine Aversa, (301) 278‐9003 Gross Domestic Product by Industry: Second Quarter 2019 Professional, Scientific, and Technical Services Led Growth in the Second Quarter Professional, scientific, and technical services; real estate and rental and leasing; and mining were the leading contributors to the increase in U.S. economic growth in the second quarter of 2019. The private goods‐ and services‐producing industries, as well as the government sector, contributed to the increase. Overall, 14 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the second quarter. Percent Change Real GDP and Real Value Added by Sector 6 4 2 0 ‐2 2018:Q2 2018:Q3 GDP Private Goods 2018:Q4 2019:Q1 Private Services U.S. Bureau of Economic Analysis 2019:Q2 Government Seasonally adjusted annual rates Professional, scientific, and technical services increased 7.4 percent in the second quarter, after increasing 8.0 percent in the first quarter. Real estate and rental and leasing increased 2.6 percent, after increasing 0.8 percent in the first quarter. Mining increased 23.5 percent, after increasing 26.0 percent. Percent Change Real Value Added by Industry Mining 30 25 Utilities 20 Retail trade 15 Finance and insurance 10 Real estate and rental and leasing 5 0 Professional, scientific, and technical services ‐5 2019:Q1 U.S. Bureau of Economic Analysis 2019: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.
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