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THURSDAY July 23, 2015 Nondurable Goods Manufacturing Led the Downturn in First Quarter Gross Domestic Product by Industry Percent change from preceding period A deceleration in nondurable goods manufacturing and downturns in both professional, scientific, and technical services and wholesale trade were the leading contributors to the downturn in U.S. economic growth in the first quarter of 2015. Overall, 15 of 22 industry groups contributed to the downturn in the first quarter. 8.0 Real GDP and Real Value Added by Sector 6.0 4.0 2.0 0.0 -2.0 -4.0 -6.0 -8.0 2014:I GDP 2014:II Private Goods 2014:III Private Services 2014:IV 2015:I Government U.S. Bureau of Economic Analysis Percent change from preceding period Nondurable goods manufacturing decelerated significantly, increasing 0.2 percent in the first quarter, after a larger increase of 9.7 percent in the fourth quarter of 2014. Professional, scientific, and technical services decreased 0.6 percent, after increasing 6.5 percent. Wholesale trade decreased 3.4 percent, after increasing 4.5 percent. 10 Real Value Added by Industry Utilities 5 Nondurable goods 0 Wholesale trade -5 Retail trade -10 Transportation and warehousing -15 -20 2014 4th Quarter U.S. Bureau of Economic Analysis Professional, scientific, and technical services 2015 1st Quarter 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