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THURSDAY April 23, 2015 Nondurable Goods Manufacturing Led Growth in the Fourth Quarter Gross Domestic Product by Industry Percent change from preceding period Nondurable goods manufacturing was the leading contributor to U.S. economic growth in the fourth quarter of 2014. Both private goods- and services-producing sectors contributed to the increase, while the government sector decreased. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP. 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 2013:IV GDP 2014:I Private Goods 2014:II Private Services 2014:III 2014:IV Government U.S. Bureau of Economic Analysis Percent change from preceding period Durable goods manufacturing increased 0.3 percent following an increase of 7.0 percent, while nondurable goods increased 9.7 percent, after decreasing 6.6 percent. Finance and insurance decreased 7.7 percent, after increasing 21.2 percent. Real estate and rental and leasing increased 1.5 percent, after increasing 4.4 percent. 30 Real Value Added by Industry 25 Durable goods 20 15 Nondurable goods 10 Finance and insurance 5 Real estate and rental and leasing 0 -5 -10 2014 3rd Quarter U.S. Bureau of Economic Analysis Mining Professional, scientific, and technical services 2014 4th 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
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