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Thursday, January 9, 2020 Contact: Jeannine Aversa, (301) 278-9003 Gross Domestic Product by Industry: Third Quarter 2019 Nondurable Goods Manufacturing Led Growth in the Third Quarter Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the third quarter. Real GDP and Real Value Added by Sector Percent Change 6 4 2 0 -2 2018:Q3 2018:Q4 GDP Private Goods U.S. Bureau of Economic Analysis ▪ ▪ ▪ 2019:Q1 2019:Q2 Private Services 2019:Q3 Government Seasonally adjusted annual rates Nondurable goods manufacturing increased 10.1 percent in the third quarter, after decreasing 0.3 percent in the second quarter. Retail trade increased 8.2 percent, after increasing 0.2 percent. Professional, scientific, and technical services increased 5.6 percent, after increasing 7.4 percent. Percent Change Real Value Added by Industry Nondurable goods manufacturing 12 10 8 6 4 2 0 -2 -4 -6 Retail trade Information Professional, scientific, and technical services Educational services Accommodation and food services 2019:Q2 U.S. Bureau of Economic Analysis 2019:Q3 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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