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FRIDAY April 25, 2014 New Quarterly Statistics Detail Industries’ Economic Performance Statistics Span First Quarter of 2005 through Fourth Quarter of 2013 and Annual Results for 2013 The Bureau of Economic Analysis released today – for the first time – gross domestic product (GDP) by industry for 22 industry sectors on a quarterly basis. These new statistics fill an important gap in U.S. federal economic statistics by providing timely information on how individual industries contributed to U.S. economic growth in a given quarter. Real GDP increased 2.6 percent in the fourth quarter of 2013, with both the private goods- and servicesproducing sectors contributing to the increase. Overall, 15 out of 22 industry groups contributed to economic growth. The leading contributors to the increase were nondurable-goods manufacturing; professional, scientific and technical services; and wholesale trade. Percent change from preceding period 10.0 8.0 6.0 4.0 2.0 0.0 -2.0 -4.0 Real GDP and Real Value Added 2012Q1 2012Q2 GDP U.S. Bureau of Economic Analysis 2012Q3 Private Goods 2012Q4 2013Q1 Private Services 2013Q2 2013Q3 2013Q4 Government Growth in real GDP in the fourth quarter decelerated from 4.1 percent in the third to 2.6 percent in the fourth. The deceleration reflected a slowdown in the private services-producing sector and a larger decrease in the government sector that was partly offset by a pickup in growth in the goods-producing sector. Overall, 17 out of 22 industry groups contributed to the slowdown in real GDP growth. The leading contributors to the slowdown were real estate, rental, and leasing; construction; and retail trade. Percentage points 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 Real GDP and Contributions to Percent Change in Real GDP Real GDP 2012Q1 2012Q2 2012Q3 Private Goods U.S. Bureau of Economic Analysis 2012Q4 2013Q1 2013Q2 Private Services Government 2013Q3 2013Q4 BEA data—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 on the BEA Web site: www.bea.gov. E-mail alerts are also available. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce