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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, FRIDAY, JULY 21, 2017 Technical: Media: Thomas Howells Edward Morgan Jeannine Aversa (301) 278-9586 (301) 278-9541 (301) 278-9003 BEA 17-36 IndustryEconomicAccounts@bea.gov Jeannine.Aversa@bea.gov Real Estate and Rental and Leasing Led Growth in the First Quarter Gross Domestic Product by Industry: First Quarter 2017 Real estate and rental and leasing; mining; and durable goods manufacturing were the leading contributors to the increase in U.S. economic growth in the first quarter of 2017. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 13 of 22 industry groups contributed to the overall 1.4 percent increase in real GDP in the first quarter. Real GDP and Real Value Added by Sector Percent Change 5 4 3 2 1 0 -1 -2 2016:Q1 GDP 2016:Q2 Private Goods 2016:Q3 Private Services 2016:Q4 2017:Q1 Government U.S. Bureau of Economic Analysis • • For the real estate and rental and leasing industry group, real value added—a measure of an industry’s contribution to GDP—increased 2.7 percent in the first quarter, after increasing 0.9 percent in the fourth quarter. This was the twelfth consecutive quarter of growth and primarily reflected increases in housing, as well as rental and leasing services and lessors of intangible assets. Mining increased 21.6 percent, after increasing 5.2 percent. The first quarter growth primarily reflected increases in oil and gas extraction, as well as support activities for mining. This was the largest increase since the fourth quarter of 2014. • Durable goods manufacturing increased 4.4 percent, after increasing 0.7 percent. The first quarter growth primarily reflected increases in motor vehicles, bodies and trailers, and parts manufacturing, as well as machinery manufacturing. Real Value Added by Industry Percent Change 25 20 15 10 5 0 -5 -10 -15 -35 -20 -40 Agriculture, forestry, fishing, and hunting Mining Durable goods manufacturing Retail trade Finance and insurance Real estate and rental and leasing 2016:Q4 2017:Q1 U.S. Bureau of Economic Analysis • Real GDP growth slowed to 1.4 percent in the first quarter, from 2.1 percent in the fourth quarter. Finance and insurance was the leading contributor to the deceleration in real GDP in the first quarter. Retail trade decreased 3.6 percent, after increasing 5.7 percent, and was the second leading contributor to the slowdown. Agriculture, forestry, fishing, and hunting decreased 39.8 percent, after decreasing 8.3 percent. Gross output by industry Real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased in the first quarter. This reflected increases in real gross output for both the private goods- and services-producing sectors, while the government sector decreased. Overall, real gross output increased in 15 of 22 industry groups. –2– Percent Change Real Gross Output by Industry Agriculture, forestry, fishing, and hunting 20 45 40 15 Mining 10 Durable goods manufacturing 5 0 Retail trade -5 Finance and insurance -10 -15 -20 Real estate and rental and leasing 2016:Q4 2017:Q1 U.S. Bureau of Economic Analysis • • • Real gross output for agriculture, forestry, fishing, and hunting decreased 17.4 percent, after increasing 2.2 percent in the fourth quarter. This was the first decrease since the second quarter of 2015. Mining increased 42.8 percent, after increasing 8.2 percent. Durable goods manufacturing increased 1.8 percent, after increasing 4.6 percent. The increase was primarily attributed to computer and electronic products manufacturing, which has increased for nine consecutive quarters. Upcoming Annual Update of the Industry Economic Accounts The annual update of the industry economic accounts, covering the first quarter of 2014 through the first quarter of 2017, will be released along with the estimate of quarterly GDP by industry for the second quarter of 2017 on November 2. All revisions will be fully consistent with the results of the annual update of the national income and product accounts, which will be released on July 28. * * * Next release – November 2, 2017 at 8:30 A.M. EDT for: Gross Domestic Product by Industry: Second Quarter 2017 Annual Update of the Industry Economic Accounts –3– Additional Information Current-dollar estimates are valued in the prices of the period when the transactions occurred—that is, at “market value.” Also referred to as “nominal estimates” or as “current-price estimates.” Resources Additional resources available at www.bea.gov: • • • • • • Stay informed about BEA developments by reading the BEA blog, signing up for BEA’s email subscription service, or following BEA on Twitter @BEA_News. Historical time series for these estimates can be accessed in BEA’s interactive data application. Access BEA data by registering for BEA’s Data application programming interface (API). For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business. BEA's news release schedule Industry Concepts and Methods: Concepts and Methods of the U.S. Input-Output Accounts Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Annual rates. Quarterly values are expressed at seasonally-adjusted annual rates (SAAR), unless otherwise specified. Dollar changes are calculated as the difference between these SAAR values. For detail, see the FAQ “Why does BEA publish estimates at annual rates?” Quantities and prices. Quantities, or “real” measures, and prices are expressed as index numbers with a specified reference year equal to 100 (currently 2009). Quantity and price indexes are calculated using a Fisher-chained weighted formula that incorporates weights from two adjacent periods (quarters for quarterly data and annuals for annual data). “Real” dollar series are calculated by multiplying the published quantity index by the currentdollar value in the reference year (2009) and then dividing by 100. Percent changes calculated from chained-dollar levels and quantity indexes are conceptually the same; any differences are due to rounding. Definitions Gross domestic product (GDP) or value added is the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment, net exports of goods and services, and government consumption expenditures and gross investment. Chained-dollar values are not additive because the relative weights for a given period differ from those of the reference year. In tables that display chained-dollar values, the value of the "Not allocated by industry" line reflects the difference between the first line and the sum of the most detailed lines. For the real value added by industry table, this value also reflects differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. Gross output (GO) is the value of the goods and services produced by the nation’s economy. It is principally measured using industry sales or receipts, including sales to final users (GDP) and sales to other industries (intermediate inputs). List of News Release Tables Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Table 2. Contributions to Percent Change in Real GDP by Industry Group Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Table 5. Value Added by Industry Group Table 5a. Value Added by Industry Group as a Percentage of GDP Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Table 7. Chain-Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Table 8. Gross Output by Industry Group –4– July 21, 2017 Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Line 2015 2015 2016 I 1 IV 2.1 2017 I 1.4 2.6 1.6 2.0 2.6 2 Private industries……………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities………………………………………………………………………… 6 Construction…………………………………………………………………… 7 Manufacturing………………………………………………………………… 8 Durable goods……………………………………………………………… 9 Nondurable goods………………………………………………………… 10 Wholesale trade……………………………………………………………… 11 Retail trade…………………………………………………………………… 12 Transportation and warehousing…………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing……………………… 15 Finance and insurance…………………………………………………… 16 Real estate and rental and leasing……………………………………… 17 Professional and business services………………………………………… 18 Professional, scientific, and technical services………………………… 19 Management of companies and enterprises…………………………… 20 Administrative and waste management services……………………… 21 Educational services, health care, and social assistance………………… 22 Educational services……………………………………………………… 23 Health care and social assistance………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…… 25 Arts, entertainment, and recreation……………………………………… 26 Accommodation and food services……………………………………… 27 Other services, except government………………………………………… 28 Government……………………………………………………………………… 29 Federal………………………………………………………………………… 30 State and local………………………………………………………………… 2.8 2.4 4.2 -1.5 4.9 1.5 0.9 2.3 3.0 3.7 -1.0 7.5 1.5 -0.3 2.5 4.3 5.1 2.4 3.5 3.9 0.2 4.5 2.8 3.5 2.6 1.7 0.4 -0.6 0.9 1.7 8.0 -11.0 4.9 3.5 -0.1 0.0 -0.4 0.7 2.1 2.0 6.4 1.2 1.4 1.1 2.6 3.3 1.3 1.9 2.5 -0.8 3.0 1.1 2.6 0.6 1.8 0.6 0.1 0.9 2.4 -5.7 5.1 -23.8 1.6 6.2 -1.1 15.5 0.1 1.7 -9.5 13.8 3.4 2.6 3.8 3.6 5.8 -1.4 1.9 2.9 0.1 3.4 0.0 -0.1 0.0 -1.0 -0.2 0.3 -0.5 2.3 -2.0 -17.9 20.5 12.7 -2.6 -0.1 -5.5 3.7 9.4 4.5 9.9 -1.6 -6.3 1.1 3.6 4.8 -0.3 3.1 4.4 -0.8 5.3 4.0 3.2 4.3 3.0 1.2 -0.7 2.1 2.0 25.9 -6.8 6.0 5.6 0.7 -1.8 3.7 -1.8 2.9 5.0 4.6 0.1 -2.8 1.7 3.3 2.6 4.0 4.5 4.0 1.5 4.4 2.0 2.3 1.9 -0.2 1.1 -0.5 1.9 1.2 3.5 -19.5 -3.5 4.8 -2.5 1.2 -6.6 2.4 6.9 -1.9 12.3 -2.6 -7.6 0.2 2.8 3.3 1.3 2.6 5.3 1.4 6.0 4.8 7.8 3.8 3.6 -0.3 -0.9 0.0 0.9 6.2 -4.0 3.2 7.1 0.5 -2.6 4.4 -4.3 -0.8 -6.7 7.6 4.2 9.2 1.7 0.4 3.4 -6.1 -2.1 -2.0 -4.2 -1.6 -3.6 -2.2 -4.1 0.7 0.2 -0.2 0.4 1.2 8.8 -20.4 7.0 -3.7 0.8 0.3 1.3 1.0 -2.8 14.0 -0.2 1.0 -0.1 1.6 3.6 3.7 7.3 1.1 3.6 -3.1 4.7 0.2 -0.2 0.4 0.8 0.8 1.1 0.6 3.8 15.1 -3.5 14.2 0.8 2.5 5.1 -0.4 8.3 2.6 3.6 8.6 3.1 9.0 0.0 3.8 2.6 4.9 5.7 2.8 2.5 2.9 2.4 5.1 1.4 3.8 1.9 1.6 2.1 2.1 -8.3 5.2 -2.1 0.8 -2.9 0.7 -7.1 2.6 5.7 4.8 0.9 2.8 6.3 0.9 3.7 3.6 2.9 4.4 2.9 2.0 3.1 5.0 9.9 3.3 2.3 0.3 0.5 0.2 1.2 -39.8 21.6 -6.4 5.6 4.7 4.4 5.0 3.6 -3.6 0.4 1.6 0.9 -2.1 2.7 0.8 -0.1 -2.4 5.0 1.8 -0.2 2.2 -0.9 -6.8 1.4 -0.8 0.8 0.2 1.0 Addenda: Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… 2.6 2.9 0.0 2.1 4.0 1.9 -1.5 3.4 2.0 2.0 -2.3 2.2 1.9 0.7 -1.6 2.0 2.2 4.2 -1.7 3.1 3.8 0.5 31 32 Gross domestic product………………………………………………… II Seasonally adjusted at annual rates 2016 III IV I II III 2.0 0.9 0.8 1.4 3.5 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis –5– July 21, 2017 Table 2. Contributions to Percent Change in Real GDP by Industry Group Line 2015 2015 2016 I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product………………………………………………… Percentage points at annual rates: Private industries……………………………………………………………… Agriculture, forestry, fishing, and hunting…………………………………… Mining…………………………………………………………………………… Utilities………………………………………………………………………… Construction…………………………………………………………………… Manufacturing………………………………………………………………… Durable goods……………………………………………………………… Nondurable goods………………………………………………………… Wholesale trade……………………………………………………………… Retail trade…………………………………………………………………… Transportation and warehousing…………………………………………… Information……………………………………………………………………… Finance, insurance, real estate, rental, and leasing……………………… Finance and insurance…………………………………………………… Real estate and rental and leasing……………………………………… Professional and business services………………………………………… Professional, scientific, and technical services………………………… Management of companies and enterprises…………………………… Administrative and waste management services……………………… Educational services, health care, and social assistance………………… Educational services……………………………………………………… Health care and social assistance………………………………………… Arts, entertainment, recreation, accommodation, and food services…… Arts, entertainment, and recreation……………………………………… Accommodation and food services……………………………………… Other services, except government………………………………………… Government……………………………………………………………………… Federal………………………………………………………………………… State and local………………………………………………………………… II Seasonally adjusted at annual rates 2016 III IV I II III IV 2017 I 2.6 1.6 2.0 2.6 2.0 0.9 0.8 1.4 3.5 2.1 1.4 2.46 0.03 0.11 -0.03 0.19 0.19 0.06 0.13 0.18 0.21 -0.03 0.34 0.30 -0.02 0.32 0.51 0.36 0.05 0.11 0.32 0.00 0.31 0.11 0.03 0.07 0.04 0.05 -0.03 0.08 1.46 0.07 -0.18 0.08 0.14 -0.02 0.00 -0.02 0.04 0.12 0.06 0.29 0.24 0.10 0.14 0.32 0.24 0.02 0.06 0.21 -0.01 0.21 0.04 0.03 0.02 0.04 0.08 0.01 0.08 2.08 -0.06 0.12 -0.44 0.06 0.71 -0.08 0.79 0.01 0.09 -0.30 0.58 0.67 0.18 0.49 0.42 0.39 -0.03 0.06 0.23 0.00 0.23 0.00 0.00 0.00 -0.02 -0.04 0.01 -0.05 2.01 -0.02 -0.39 0.30 0.48 -0.33 -0.01 -0.32 0.22 0.52 0.13 0.43 -0.32 -0.47 0.15 0.42 0.34 -0.01 0.09 0.36 -0.01 0.37 0.15 0.03 0.12 0.07 0.16 -0.03 0.18 1.71 0.23 -0.13 0.09 0.22 0.07 -0.12 0.19 -0.11 0.17 0.15 0.21 0.02 -0.20 0.22 0.39 0.18 0.08 0.13 0.33 0.02 0.31 0.08 0.02 0.05 0.00 0.15 -0.02 0.17 1.04 0.03 -0.35 -0.06 0.19 -0.30 0.08 -0.38 0.14 0.39 -0.06 0.55 -0.53 -0.56 0.03 0.34 0.23 0.03 0.08 0.44 0.02 0.42 0.19 0.08 0.11 0.08 -0.04 -0.04 0.00 0.82 0.06 -0.05 0.05 0.29 0.06 -0.17 0.23 -0.27 -0.05 -0.21 0.35 0.84 0.62 0.22 0.06 0.25 -0.12 -0.07 -0.17 -0.05 -0.12 -0.15 -0.02 -0.12 0.02 0.03 -0.01 0.03 1.06 0.08 -0.31 0.10 -0.16 0.09 0.02 0.07 0.06 -0.17 0.40 -0.01 0.20 -0.01 0.21 0.44 0.26 0.14 0.04 0.30 -0.03 0.34 0.01 0.00 0.01 0.02 0.10 0.05 0.06 3.28 0.12 -0.05 0.21 0.03 0.30 0.32 -0.02 0.48 0.15 0.11 0.40 0.64 0.64 0.00 0.47 0.19 0.10 0.18 0.24 0.03 0.21 0.10 0.05 0.04 0.08 0.25 0.06 0.18 1.84 -0.07 0.08 -0.03 0.03 -0.34 0.04 -0.39 0.15 0.32 0.14 0.04 0.57 0.45 0.11 0.45 0.26 0.06 0.14 0.25 0.02 0.22 0.20 0.10 0.10 0.05 0.04 0.02 0.02 1.06 -0.41 0.32 -0.10 0.23 0.54 0.27 0.26 0.21 -0.21 0.01 0.07 0.19 -0.16 0.35 0.10 -0.01 -0.05 0.16 0.15 0.00 0.16 -0.04 -0.08 0.04 -0.02 0.10 0.01 0.09 0.51 1.95 0.02 1.45 0.83 1.24 -0.26 2.28 0.39 1.32 -0.43 1.48 0.35 0.47 -0.30 1.36 0.41 2.88 -0.31 2.14 0.68 0.38 Addenda: 31 32 Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage-point contributions do not sum to the percent change in real gross domestic product because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of real GDP. Source: U.S. Bureau of Economic Analysis –6– July 21, 2017 Table 3. Chain-Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Line 2015 2015 2016 II I 1 IV 2.1 2017 I 1.9 1.1 1.3 -0.1 2.3 2 Private industries……………………………………………………………… 1.0 3 Agriculture, forestry, fishing, and hunting…………………………………… -15.8 4 Mining…………………………………………………………………………… -34.8 5 Utilities………………………………………………………………………… 2.0 6 Construction…………………………………………………………………… 3.9 7 Manufacturing………………………………………………………………… 1.8 8 Durable goods……………………………………………………………… 3.3 9 Nondurable goods………………………………………………………… 0.1 10 Wholesale trade……………………………………………………………… 1.3 11 Retail trade…………………………………………………………………… 1.6 12 Transportation and warehousing…………………………………………… 7.4 13 Information……………………………………………………………………… -1.5 14 Finance, insurance, real estate, rental, and leasing……………………… 3.1 15 Finance and insurance…………………………………………………… 3.7 16 Real estate and rental and leasing……………………………………… 2.7 17 Professional and business services………………………………………… 2.5 18 Professional, scientific, and technical services………………………… 2.1 19 Management of companies and enterprises…………………………… 2.9 20 Administrative and waste management services……………………… 3.3 21 Educational services, health care, and social assistance………………… 1.9 22 Educational services……………………………………………………… 3.4 23 Health care and social assistance………………………………………… 1.7 24 Arts, entertainment, recreation, accommodation, and food services…… 4.6 25 Arts, entertainment, and recreation……………………………………… 3.5 26 Accommodation and food services……………………………………… 5.0 27 Other services, except government………………………………………… 3.6 28 Government……………………………………………………………………… 2.3 29 Federal………………………………………………………………………… 2.0 30 State and local………………………………………………………………… 2.4 1.3 -15.5 -8.7 -3.5 3.5 0.4 0.7 0.0 -0.3 0.7 1.7 -0.9 3.2 3.3 3.1 1.9 1.5 1.9 2.9 2.5 3.3 2.3 4.4 3.9 4.6 2.9 1.7 1.3 1.8 -0.4 -40.1 -64.7 34.2 3.7 -2.1 6.1 -11.0 3.1 -0.5 19.6 -2.8 3.2 4.4 2.5 4.3 3.8 6.8 4.1 1.4 2.8 1.1 7.5 7.4 7.5 4.4 2.9 3.3 2.7 2.8 8.9 24.3 -20.6 -0.1 6.6 2.6 11.5 1.3 -1.7 -2.4 -1.0 4.2 5.8 3.4 2.5 1.5 4.0 4.0 2.3 4.6 1.9 4.4 6.6 3.6 3.7 1.9 1.1 2.3 1.4 -2.2 -34.3 -0.1 3.7 2.9 2.6 3.2 0.6 3.3 0.8 0.7 3.0 3.3 2.8 1.1 2.1 -3.5 1.7 2.9 3.1 2.9 4.0 2.7 4.5 3.9 1.2 0.7 1.4 0.6 -22.8 -28.4 -3.4 3.6 0.5 1.7 -1.1 -0.6 -3.4 6.6 -1.8 2.8 1.5 3.6 2.1 1.0 3.3 4.1 2.8 4.2 2.6 3.7 0.6 4.9 3.2 2.1 0.2 3.0 0.3 -22.6 -45.4 -2.9 2.0 -4.5 -0.3 -9.3 0.9 2.9 7.8 -0.6 2.2 1.5 2.6 2.8 2.0 3.4 4.2 3.0 3.8 2.9 7.1 6.6 7.3 4.0 1.6 3.5 0.8 2.7 -14.3 83.1 -4.3 6.4 2.4 0.0 5.5 -1.2 2.7 -6.6 -0.9 4.0 6.1 2.9 1.9 1.0 4.2 2.7 1.5 2.8 1.4 3.4 5.2 2.8 1.7 1.4 0.0 2.1 1.3 -17.4 26.7 0.6 2.2 -0.8 -1.5 0.0 -3.1 0.5 -0.1 -1.6 3.5 4.6 2.9 1.2 1.8 0.6 -0.1 2.1 1.9 2.2 4.5 4.8 4.4 0.9 1.7 1.2 1.9 2.4 -10.1 29.3 0.2 6.1 5.4 2.0 9.8 1.7 -2.8 -0.4 -0.3 3.7 2.8 4.3 0.2 0.5 -2.9 1.6 1.9 2.9 1.8 -0.7 -3.1 0.1 2.2 1.9 1.8 1.9 2.0 53.7 27.1 0.3 0.7 -1.9 -0.7 -3.3 1.3 6.2 1.3 -1.2 0.4 -2.1 1.8 2.7 3.5 1.1 2.0 2.2 4.0 2.0 3.4 6.6 2.3 3.7 3.3 5.8 2.2 -0.7 1.9 -14.3 4.0 7.2 1.6 -1.5 2.2 -3.1 1.6 -8.1 2.6 6.9 1.6 1.0 1.5 6.6 1.3 3.0 1.8 31 32 Gross domestic product………………………………………………… Seasonally adjusted at annual rates 2016 III IV I II III 1.3 0.8 0.5 2.3 1.4 Addenda: Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… -4.0 2.5 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis –7– July 21, 2017 Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Line 2015 2015 2016 II I 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Percent change at annual rate: Gross domestic product………………………………………………… 1.1 Percentage points at annual rates: Private industries……………………………………………………………… 0.86 Agriculture, forestry, fishing, and hunting…………………………………… -0.18 Mining…………………………………………………………………………… -0.98 Utilities………………………………………………………………………… 0.03 Construction…………………………………………………………………… 0.15 Manufacturing………………………………………………………………… 0.22 Durable goods……………………………………………………………… 0.21 Nondurable goods………………………………………………………… 0.01 Wholesale trade……………………………………………………………… 0.08 Retail trade…………………………………………………………………… 0.09 Transportation and warehousing…………………………………………… 0.21 Information……………………………………………………………………… -0.07 Finance, insurance, real estate, rental, and leasing……………………… 0.62 Finance and insurance…………………………………………………… 0.26 Real estate and rental and leasing……………………………………… 0.35 Professional and business services………………………………………… 0.30 Professional, scientific, and technical services………………………… 0.15 Management of companies and enterprises…………………………… 0.06 Administrative and waste management services……………………… 0.10 Educational services, health care, and social assistance………………… 0.16 Educational services……………………………………………………… 0.04 Health care and social assistance………………………………………… 0.12 Arts, entertainment, recreation, accommodation, and food services…… 0.17 Arts, entertainment, and recreation……………………………………… 0.04 Accommodation and food services……………………………………… 0.14 Other services, except government………………………………………… 0.08 Government……………………………………………………………………… 0.29 Federal………………………………………………………………………… 0.08 State and local………………………………………………………………… 0.21 Seasonally adjusted at annual rates 2016 III IV I II III IV 2017 I 1.3 -0.1 2.3 1.3 0.8 0.5 2.3 1.4 2.1 1.9 1.17 -0.15 -0.16 -0.06 0.14 0.04 0.04 -0.01 -0.02 0.04 0.05 -0.04 0.64 0.24 0.40 0.24 0.11 0.04 0.09 0.21 0.04 0.17 0.17 0.04 0.13 0.06 0.21 0.05 0.16 -0.33 -0.53 -2.38 0.48 0.14 -0.26 0.39 -0.65 0.19 -0.02 0.54 -0.13 0.64 0.31 0.33 0.52 0.26 0.13 0.12 0.11 0.03 0.08 0.28 0.07 0.21 0.10 0.37 0.13 0.24 2.43 0.09 0.44 -0.36 0.00 0.79 0.18 0.61 0.08 -0.09 -0.07 -0.04 0.86 0.42 0.44 0.31 0.11 0.08 0.12 0.19 0.05 0.14 0.17 0.07 0.10 0.08 0.25 0.05 0.20 1.20 -0.02 -0.78 0.00 0.15 0.34 0.17 0.17 0.04 0.19 0.02 0.03 0.61 0.24 0.37 0.13 0.15 -0.07 0.05 0.24 0.03 0.21 0.16 0.03 0.13 0.09 0.15 0.03 0.12 0.51 -0.25 -0.54 -0.05 0.15 0.05 0.11 -0.06 -0.03 -0.20 0.19 -0.08 0.57 0.11 0.46 0.26 0.07 0.06 0.13 0.24 0.05 0.19 0.15 0.01 0.14 0.07 0.27 0.01 0.26 0.24 -0.24 -0.85 -0.04 0.08 -0.55 -0.02 -0.52 0.05 0.17 0.23 -0.03 0.45 0.11 0.34 0.34 0.14 0.07 0.13 0.25 0.04 0.21 0.28 0.07 0.21 0.09 0.21 0.14 0.07 2.36 -0.14 0.82 -0.07 0.27 0.29 0.00 0.29 -0.07 0.16 -0.21 -0.04 0.81 0.43 0.38 0.24 0.07 0.08 0.09 0.13 0.03 0.10 0.14 0.05 0.08 0.04 0.19 0.00 0.19 1.18 -0.17 0.34 0.01 0.09 -0.09 -0.09 0.00 -0.19 0.03 0.00 -0.07 0.70 0.33 0.38 0.14 0.13 0.01 0.00 0.18 0.02 0.16 0.18 0.05 0.13 0.02 0.21 0.05 0.16 2.06 -0.09 0.39 0.00 0.25 0.63 0.12 0.50 0.10 -0.17 -0.01 -0.01 0.77 0.21 0.56 0.03 0.04 -0.06 0.05 0.16 0.03 0.13 -0.03 -0.03 0.00 0.05 0.24 0.07 0.17 1.79 0.35 0.39 0.00 0.03 -0.22 -0.05 -0.17 0.08 0.35 0.04 -0.06 0.08 -0.16 0.24 0.33 0.25 0.02 0.06 0.19 0.04 0.14 0.14 0.07 0.07 0.08 0.42 0.22 0.19 -0.13 1.30 -3.02 2.69 1.31 1.12 -0.31 1.51 -0.59 1.10 -1.55 1.79 1.24 1.12 0.18 1.00 1.18 0.89 0.55 1.23 Addenda: 31 32 Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… -0.80 1.66 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Percentage-point contributions do not sum to the percent change in the chain-type price index for gross domestic product because the industry details are calculated using source data and methodologies that differ from those used to calculate growth in the top-line, expenditure-based measure of GDP price growth. Source: U.S. Bureau of Economic Analysis –8– July 21, 2017 Table 5. Value Added by Industry Group Line 2015 2016 I 1 Billions of dollars Seasonally adjusted at annual rates 2015 2016 II III IV I II III IV 2017 I Gross domestic product………………………………………………… 18,036.6 18,569.1 17,783.6 17,998.3 18,141.9 18,222.8 18,281.6 18,450.1 18,675.3 18,869.4 19,027.1 2 Private industries……………………………………………………………… 15,698.7 16,177.5 15,468.5 15,665.1 15,795.4 15,865.6 15,913.8 16,069.1 16,273.1 16,454.1 16,587.8 3 Agriculture, forestry, fishing, and hunting…………………………………… 175.2 159.9 170.8 173.7 183.1 173.2 165.0 162.1 160.1 152.5 149.5 4 Mining…………………………………………………………………………… 327.8 264.6 358.2 359.3 317.3 276.3 235.1 258.3 271.6 293.3 327.0 5 Utilities………………………………………………………………………… 284.3 288.1 285.8 282.7 286.9 282.0 282.2 283.9 293.9 292.5 288.0 6 Construction…………………………………………………………………… 732.1 784.0 704.1 725.3 741.9 757.3 774.1 779.0 784.9 798.1 810.4 7 Manufacturing………………………………………………………………… 2,170.3 2,175.2 2,148.0 2,168.5 2,187.8 2,176.8 2,154.5 2,171.7 2,181.0 2,193.7 2,208.5 8 Durable goods……………………………………………………………… 1,176.4 1,184.7 1,167.5 1,174.9 1,177.2 1,186.0 1,177.1 1,177.9 1,188.1 1,195.9 1,206.6 9 Nondurable goods………………………………………………………… 993.9 990.5 980.4 993.6 1,010.6 990.8 977.5 993.8 992.8 997.8 1,001.9 10 Wholesale trade……………………………………………………………… 1,093.2 1,098.0 1,083.6 1,097.0 1,093.7 1,098.6 1,088.9 1,088.3 1,101.5 1,113.2 1,126.6 11 Retail trade…………………………………………………………………… 1,056.8 1,087.1 1,032.3 1,051.3 1,067.5 1,076.0 1,081.6 1,081.1 1,089.2 1,096.4 1,103.0 12 Transportation and warehousing…………………………………………… 542.5 562.9 535.2 537.8 545.5 551.7 552.4 561.1 565.9 572.1 574.5 13 Information……………………………………………………………………… 839.9 886.0 816.2 833.7 844.4 865.4 880.1 877.6 892.4 893.7 894.3 14 Finance, insurance, real estate, rental, and leasing……………………… 3,656.4 3,817.4 3,624.5 3,647.9 3,675.8 3,677.3 3,736.3 3,782.5 3,844.3 3,906.4 3,919.0 15 Finance and insurance…………………………………………………… 1,293.1 1,355.5 1,299.4 1,296.8 1,298.4 1,277.8 1,311.2 1,330.6 1,374.8 1,405.6 1,390.5 16 Real estate and rental and leasing……………………………………… 2,363.3 2,461.8 2,325.1 2,351.1 2,377.4 2,399.5 2,425.1 2,451.9 2,469.5 2,500.9 2,528.5 17 Professional and business services………………………………………… 2,207.3 2,308.6 2,164.0 2,196.9 2,220.6 2,247.8 2,265.8 2,296.8 2,324.8 2,347.1 2,367.6 18 Professional, scientific, and technical services………………………… 1,292.8 1,355.7 1,266.9 1,286.9 1,301.8 1,315.5 1,333.3 1,348.7 1,363.6 1,377.3 1,388.8 19 Management of companies and enterprises…………………………… 356.2 367.8 352.6 355.9 356.2 360.3 357.7 367.9 372.9 372.8 371.5 20 Administrative and waste management services……………………… 558.3 585.1 544.5 554.1 562.5 572.0 574.8 580.3 588.3 597.0 607.3 21 Educational services, health care, and social assistance………………… 1,501.2 1,576.0 1,462.5 1,486.9 1,512.3 1,542.9 1,546.7 1,566.6 1,585.9 1,604.9 1,621.0 22 Educational services……………………………………………………… 202.3 207.3 199.0 200.9 203.1 206.0 205.7 205.5 207.8 210.3 212.2 23 Health care and social assistance………………………………………… 1,298.9 1,368.7 1,263.5 1,286.0 1,309.2 1,336.9 1,341.0 1,361.1 1,378.1 1,394.6 1,408.8 24 Arts, entertainment, recreation, accommodation, and food services…… 710.0 749.3 690.2 704.5 715.0 730.2 736.1 742.7 755.4 763.2 768.0 25 Arts, entertainment, and recreation……………………………………… 185.8 197.9 180.4 184.8 187.1 190.9 192.9 195.3 200.1 203.3 202.9 26 Accommodation and food services……………………………………… 524.2 551.5 509.8 519.7 528.0 539.3 543.2 547.4 555.3 560.0 565.1 27 Other services, except government………………………………………… 401.7 420.4 393.2 399.8 403.4 410.2 414.9 417.5 422.3 427.0 430.1 28 Government……………………………………………………………………… 2,338.0 2,391.6 2,315.1 2,333.1 2,346.6 2,357.1 2,367.8 2,381.0 2,402.2 2,415.3 2,439.4 29 Federal………………………………………………………………………… 729.4 740.0 728.9 729.8 730.2 728.8 734.8 736.9 742.1 746.3 757.2 30 State and local………………………………………………………………… 1,608.6 1,651.6 1,586.2 1,603.4 1,616.4 1,628.4 1,633.0 1,644.1 1,660.1 1,669.0 1,682.2 31 32 Addenda: Private goods-producing industries1………………………………………… 3,405.4 3,383.7 3,381.1 3,426.8 3,430.2 3,383.6 3,328.8 3,371.1 3,397.5 3,437.6 3,495.5 Private services-producing industries2………………………………………12,293.2 12,793.8 12,087.4 12,238.4 12,365.2 12,482.0 12,585.0 12,698.0 12,875.6 13,016.5 13,092.2 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Detail may not add to total due to rounding. Source: U.S. Bureau of Economic Analysis –9– July 21, 2017 Table 5a. Value Added by Industry Group as a Percentage of GDP Line 2015 2016 2015 II III 100.0 100.0 IV 100.0 I 100.0 2016 II III 100.0 100.0 IV 100.0 2017 I 100.0 100.0 100.0 I 100.0 2 Private industries……………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities………………………………………………………………………… 6 Construction…………………………………………………………………… 7 Manufacturing………………………………………………………………… 8 Durable goods……………………………………………………………… 9 Nondurable goods………………………………………………………… 10 Wholesale trade……………………………………………………………… 11 Retail trade…………………………………………………………………… 12 Transportation and warehousing…………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing……………………… 15 Finance and insurance…………………………………………………… 16 Real estate and rental and leasing……………………………………… 17 Professional and business services………………………………………… 18 Professional, scientific, and technical services………………………… 19 Management of companies and enterprises…………………………… 20 Administrative and waste management services……………………… 21 Educational services, health care, and social assistance………………… 22 Educational services……………………………………………………… 23 Health care and social assistance………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…… 25 Arts, entertainment, and recreation……………………………………… 26 Accommodation and food services……………………………………… 27 Other services, except government………………………………………… 28 Government……………………………………………………………………… 29 Federal………………………………………………………………………… 30 State and local………………………………………………………………… 87.0 1.0 1.8 1.6 4.1 12.0 6.5 5.5 6.1 5.9 3.0 4.7 20.3 7.2 13.1 12.2 7.2 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 13.0 4.0 8.9 87.1 0.9 1.4 1.6 4.2 11.7 6.4 5.3 5.9 5.9 3.0 4.8 20.6 7.3 13.3 12.4 7.3 2.0 3.2 8.5 1.1 7.4 4.0 1.1 3.0 2.3 12.9 4.0 8.9 87.0 1.0 2.0 1.6 4.0 12.1 6.6 5.5 6.1 5.8 3.0 4.6 20.4 7.3 13.1 12.2 7.1 2.0 3.1 8.2 1.1 7.1 3.9 1.0 2.9 2.2 13.0 4.1 8.9 87.0 1.0 2.0 1.6 4.0 12.0 6.5 5.5 6.1 5.8 3.0 4.6 20.3 7.2 13.1 12.2 7.2 2.0 3.1 8.3 1.1 7.1 3.9 1.0 2.9 2.2 13.0 4.1 8.9 87.1 1.0 1.7 1.6 4.1 12.1 6.5 5.6 6.0 5.9 3.0 4.7 20.3 7.2 13.1 12.2 7.2 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 12.9 4.0 8.9 87.1 1.0 1.5 1.5 4.2 11.9 6.5 5.4 6.0 5.9 3.0 4.7 20.2 7.0 13.2 12.3 7.2 2.0 3.1 8.5 1.1 7.3 4.0 1.0 3.0 2.3 12.9 4.0 8.9 87.0 0.9 1.3 1.5 4.2 11.8 6.4 5.3 6.0 5.9 3.0 4.8 20.4 7.2 13.3 12.4 7.3 2.0 3.1 8.5 1.1 7.3 4.0 1.1 3.0 2.3 13.0 4.0 8.9 87.1 0.9 1.4 1.5 4.2 11.8 6.4 5.4 5.9 5.9 3.0 4.8 20.5 7.2 13.3 12.4 7.3 2.0 3.1 8.5 1.1 7.4 4.0 1.1 3.0 2.3 12.9 4.0 8.9 87.1 0.9 1.5 1.6 4.2 11.7 6.4 5.3 5.9 5.8 3.0 4.8 20.6 7.4 13.2 12.4 7.3 2.0 3.1 8.5 1.1 7.4 4.0 1.1 3.0 2.3 12.9 4.0 8.9 87.2 0.8 1.6 1.6 4.2 11.6 6.3 5.3 5.9 5.8 3.0 4.7 20.7 7.4 13.3 12.4 7.3 2.0 3.2 8.5 1.1 7.4 4.0 1.1 3.0 2.3 12.8 4.0 8.8 87.2 0.8 1.7 1.5 4.3 11.6 6.3 5.3 5.9 5.8 3.0 4.7 20.6 7.3 13.3 12.4 7.3 2.0 3.2 8.5 1.1 7.4 4.0 1.1 3.0 2.3 12.8 4.0 8.8 Addenda: Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… 18.9 68.2 18.2 68.9 19.0 68.0 19.0 68.0 18.9 68.2 18.6 68.5 18.2 68.8 18.3 68.8 18.2 68.9 18.2 69.0 18.4 68.8 1 31 32 Gross domestic product………………………………………………… 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Note. Detail may not add to total due to rounding. Source: U.S. Bureau of Economic Analysis – 10 – July 21, 2017 Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Line 2015 2015 2016 I 1 IV 2.9 2017 I 2.1 2.7 2.2 1.2 3.2 2 Private industries……………………………………………………………… 3 Agriculture, forestry, fishing, and hunting…………………………………… 4 Mining…………………………………………………………………………… 5 Utilities………………………………………………………………………… 6 Construction…………………………………………………………………… 7 Manufacturing………………………………………………………………… 8 Durable goods……………………………………………………………… 9 Nondurable goods………………………………………………………… 10 Wholesale trade……………………………………………………………… 11 Retail trade…………………………………………………………………… 12 Transportation and warehousing…………………………………………… 13 Information……………………………………………………………………… 14 Finance, insurance, real estate, rental, and leasing……………………… 15 Finance and insurance…………………………………………………… 16 Real estate and rental and leasing……………………………………… 17 Professional and business services………………………………………… 18 Professional, scientific, and technical services………………………… 19 Management of companies and enterprises…………………………… 20 Administrative and waste management services……………………… 21 Educational services, health care, and social assistance………………… 22 Educational services……………………………………………………… 23 Health care and social assistance………………………………………… 24 Arts, entertainment, recreation, accommodation, and food services…… 25 Arts, entertainment, and recreation……………………………………… 26 Accommodation and food services……………………………………… 27 Other services, except government………………………………………… 28 Government……………………………………………………………………… 29 Federal………………………………………………………………………… 30 State and local………………………………………………………………… 2.8 0.5 -7.0 -1.4 8.2 2.7 1.9 3.4 -1.0 2.7 2.4 4.4 2.4 1.2 3.1 3.6 2.7 4.0 5.6 4.8 1.6 5.3 5.3 5.5 5.3 1.4 1.7 0.1 2.5 2.3 3.8 -14.4 0.8 4.1 1.3 0.3 2.4 -1.7 2.5 0.9 4.3 2.0 1.8 2.2 3.8 4.4 1.7 4.0 4.8 1.7 5.2 3.5 4.8 3.1 5.0 1.3 0.7 1.5 1.0 -4.6 -5.6 -6.6 5.6 3.1 -1.3 7.7 -6.6 0.3 -3.7 4.0 2.6 3.0 2.3 -0.7 -2.8 2.3 2.0 2.5 1.5 2.7 5.3 10.7 3.6 -6.9 3.1 3.4 3.0 3.4 -3.1 -23.2 -3.0 19.8 2.6 4.2 0.9 -2.1 8.1 0.3 4.5 2.3 1.9 2.6 5.3 5.0 2.2 8.2 4.5 1.8 4.9 6.9 5.5 7.4 5.4 2.2 0.1 3.1 2.8 9.9 -11.7 -0.6 10.1 5.8 4.1 7.5 -3.2 5.0 5.1 3.3 -1.0 -5.8 2.5 4.3 4.7 1.3 5.6 4.0 0.7 4.5 1.6 1.1 1.8 -1.9 1.6 0.2 2.2 0.7 2.8 -22.2 -6.4 3.7 -1.3 -3.8 1.3 -2.5 -2.0 -2.2 8.5 1.8 2.3 1.4 0.8 1.0 3.5 -1.3 2.8 3.2 2.7 5.8 7.5 5.2 5.0 1.4 2.0 1.1 2.8 4.8 -18.7 -2.7 9.4 2.4 0.1 5.0 -7.5 5.2 1.1 5.6 2.2 2.4 2.2 4.0 8.8 -6.6 1.4 6.5 0.5 7.4 2.2 1.5 2.4 7.9 0.9 -0.7 1.6 1.7 2.4 -12.6 11.8 -7.5 -1.5 -2.0 -0.9 0.7 -1.9 -0.7 -2.3 4.3 6.0 3.2 5.7 3.6 10.3 7.4 9.1 3.7 9.9 2.3 1.1 2.7 2.6 1.6 2.4 1.2 2.9 3.6 -1.9 12.7 0.6 2.2 2.8 1.5 5.9 2.5 3.0 8.5 2.0 3.0 1.3 4.0 1.9 4.8 8.1 -1.9 -0.1 -2.2 4.0 11.0 1.8 9.2 1.5 1.6 1.4 3.3 2.2 8.2 -9.1 3.8 2.1 4.6 -0.4 6.7 8.0 2.9 1.5 0.9 -0.7 2.1 3.7 3.9 0.8 5.0 6.9 1.4 7.7 5.5 16.2 2.1 6.0 -0.2 -2.5 0.8 2.5 -17.4 42.8 -17.7 3.9 1.1 1.8 0.4 5.8 -0.5 1.1 4.6 6.0 9.6 3.6 0.9 -1.5 -2.5 8.9 1.8 0.2 2.0 -0.2 -9.0 3.0 1.0 -0.8 -4.4 0.8 Addenda: Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… 2.7 2.9 1.1 2.7 2.3 0.4 2.9 3.6 5.6 1.7 -1.5 1.6 2.7 2.8 -2.9 3.5 1.8 3.3 2.7 3.6 2.3 2.5 31 32 All industries……………………………………………………………… II Seasonally adjusted at annual rates 2016 III IV I II III 2.7 0.8 2.6 1.7 2.7 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 11 – July 21, 2017 Table 7. Chain-Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period Line 2015 2015 2016 IV 2.6 2017 I 3.5 -1.1 0.4 I -4.3 2 Private industries……………………………………………………………… -1.2 3 Agriculture, forestry, fishing, and hunting…………………………………… -9.7 4 Mining…………………………………………………………………………… -29.1 -5.5 5 Utilities………………………………………………………………………… 1.5 6 Construction…………………………………………………………………… -6.1 7 Manufacturing………………………………………………………………… Durable goods……………………………………………………………… -0.2 8 Nondurable goods………………………………………………………… -11.6 9 1.0 10 Wholesale trade……………………………………………………………… 1.3 11 Retail trade…………………………………………………………………… -1.5 12 Transportation and warehousing…………………………………………… 13 Information……………………………………………………………………… -0.4 2.4 14 Finance, insurance, real estate, rental, and leasing……………………… Finance and insurance…………………………………………………… 2.8 15 Real estate and rental and leasing……………………………………… 2.1 16 1.7 17 Professional and business services………………………………………… Professional, scientific, and technical services………………………… 1.6 18 Management of companies and enterprises…………………………… 1.8 19 Administrative and waste management services……………………… 1.9 20 1.3 21 Educational services, health care, and social assistance………………… Educational services……………………………………………………… 1.9 22 Health care and social assistance………………………………………… 1.2 23 2.5 24 Arts, entertainment, recreation, accommodation, and food services…… Arts, entertainment, and recreation……………………………………… 2.4 25 Accommodation and food services……………………………………… 2.5 26 2.1 27 Other services, except government………………………………………… 28 Government……………………………………………………………………… 0.4 29 Federal………………………………………………………………………… 0.6 0.3 30 State and local………………………………………………………………… 0.3 -9.1 -7.5 -3.5 1.7 -2.2 -0.4 -3.9 -0.2 0.6 -0.6 -0.2 2.4 2.4 2.4 1.4 1.2 1.3 1.9 1.6 2.1 1.5 2.4 2.6 2.3 1.8 1.0 0.9 1.0 -4.6 -23.3 -56.3 2.1 0.1 -15.3 0.0 -28.3 2.0 -0.2 -3.8 -0.9 2.5 3.3 1.9 2.5 2.4 3.8 1.7 0.3 0.9 0.2 2.8 4.4 2.2 2.1 -1.7 0.1 -2.5 1.3 -2.6 15.4 -17.4 0.2 0.3 -1.1 1.8 1.2 -0.6 -0.6 -0.1 3.4 4.8 2.5 2.2 1.6 2.7 3.0 1.7 2.5 1.6 2.7 4.8 2.1 2.5 1.8 1.3 2.1 -0.5 -5.1 -26.8 2.0 1.4 -4.2 -1.4 -7.0 0.4 2.2 -1.9 0.4 2.3 2.2 2.3 0.7 1.5 -1.7 0.9 1.7 1.9 1.7 2.0 1.5 2.1 2.1 0.7 0.2 1.0 -1.7 -13.5 -25.0 -9.5 0.7 -5.9 -1.8 -9.9 -0.8 -2.7 -1.4 -1.2 1.3 -0.1 2.3 1.1 0.6 1.5 2.0 1.3 2.1 1.2 1.2 0.1 1.5 1.2 0.0 -0.8 0.5 -1.4 -10.9 -38.7 -7.9 0.3 -7.7 -1.6 -13.7 0.5 2.0 -0.9 0.4 1.7 1.6 1.8 1.9 1.6 1.7 2.6 1.7 2.1 1.6 3.6 4.2 3.4 2.2 -0.4 1.6 -1.2 2.8 -7.1 57.2 -2.4 4.6 5.1 1.7 8.9 -0.7 1.8 -1.3 -0.4 3.5 4.5 2.8 1.6 1.0 2.9 2.2 1.4 2.1 1.3 2.0 3.1 1.6 1.6 2.2 1.1 2.7 1.9 -10.4 26.0 13.2 2.0 1.5 1.3 1.9 -1.8 1.0 1.8 -0.2 3.2 4.0 2.7 1.4 1.7 1.3 0.7 1.7 1.6 1.8 3.6 4.3 3.4 1.3 2.5 1.8 2.9 2.6 -5.2 23.7 4.1 3.9 5.6 1.4 10.2 1.6 -1.1 2.7 0.3 3.0 2.1 3.6 0.7 0.8 -1.0 1.5 1.9 2.2 1.8 0.1 -1.5 0.7 2.0 2.2 1.6 2.5 3.4 23.7 25.4 6.9 2.5 5.8 2.2 9.6 1.6 4.7 4.9 0.0 0.8 -1.1 2.1 2.4 3.0 0.7 2.2 2.1 3.3 2.0 3.2 6.0 2.3 2.5 3.9 5.2 3.4 -2.2 1.3 -17.3 1.3 1.0 1.4 -4.8 1.4 -6.3 0.2 -8.2 1.4 6.1 1.6 1.9 1.9 5.5 1.6 6.9 2.1 1 All industries……………………………………………………………… II Seasonally adjusted at annual rates 2016 III IV I II III -0.3 -1.5 -1.3 2.8 2.0 1.4 Addenda: 31 32 Private goods-producing industries1………………………………………… Private services-producing industries2……………………………………… -7.0 1.3 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 12 – July 21, 2017 Table 8. Gross Output by Industry Group Line 2015 2016 I 1 Billions of dollars Seasonally adjusted at annual rates 2015 2016 I II III II III IV IV 2017 I All industries……………………………………………………………… 31,397.0 32,188.6 31,054.3 31,410.5 31,591.7 31,531.6 31,630.3 31,978.2 32,350.7 32,795.0 33,250.7 2 Private industries……………………………………………………………… 27,877.3 28,589.3 27,573.8 27,895.3 28,056.4 27,983.8 28,078.0 28,392.9 28,729.9 29,156.4 29,584.7 3 Agriculture, forestry, fishing, and hunting…………………………………… 446.7 421.5 452.5 446.0 450.7 437.7 430.2 424.9 417.0 413.7 416.0 354.9 500.3 484.9 434.4 379.6 318.9 345.2 364.0 391.5 452.9 4 Mining…………………………………………………………………………… 449.8 5 Utilities………………………………………………………………………… 401.8 390.8 422.4 399.5 400.9 384.5 374.1 382.3 406.3 400.7 388.0 6 Construction…………………………………………………………………… 1,352.6 1,433.0 1,285.0 1,345.0 1,382.5 1,397.8 1,430.4 1,418.6 1,427.7 1,455.1 1,478.0 7 Manufacturing………………………………………………………………… 5,829.6 5,780.7 5,815.5 5,857.2 5,876.6 5,769.0 5,689.1 5,738.9 5,792.0 5,902.7 6,002.3 Durable goods……………………………………………………………… 2,972.9 2,969.3 2,957.2 2,979.0 2,998.9 2,956.6 2,945.6 2,942.5 2,972.4 3,016.5 3,046.6 8 Nondurable goods………………………………………………………… 2,856.6 2,811.4 2,858.3 2,878.1 2,877.7 2,812.4 2,743.6 2,796.4 2,819.5 2,886.2 2,955.7 9 10 Wholesale trade……………………………………………………………… 1,554.3 1,525.9 1,565.7 1,562.1 1,551.0 1,538.2 1,510.5 1,510.6 1,525.5 1,556.8 1,585.4 11 Retail trade…………………………………………………………………… 1,640.7 1,691.2 1,609.1 1,638.2 1,667.6 1,648.0 1,677.3 1,676.8 1,691.3 1,719.3 1,737.2 12 Transportation and warehousing…………………………………………… 1,074.8 1,078.0 1,073.7 1,073.0 1,081.2 1,071.4 1,071.9 1,066.6 1,079.2 1,094.2 1,110.3 13 Information…………………………………………………………………… 1,549.7 1,613.9 1,523.3 1,540.0 1,554.2 1,581.2 1,604.4 1,593.4 1,625.5 1,632.5 1,650.6 14 Finance, insurance, real estate, rental, and leasing……………………… 5,597.0 5,848.7 5,518.1 5,597.1 5,614.6 5,658.3 5,713.9 5,824.3 5,899.6 5,957.0 6,056.2 15 Finance and insurance…………………………………………………… 2,277.7 2,375.3 2,257.3 2,294.9 2,273.1 2,285.3 2,307.8 2,367.8 2,408.8 2,417.0 2,466.1 16 Real estate and rental and leasing……………………………………… 3,319.3 3,473.4 3,260.8 3,302.2 3,341.5 3,373.0 3,406.1 3,456.5 3,490.8 3,540.1 3,590.1 17 Professional and business services………………………………………… 3,497.7 3,682.9 3,424.2 3,487.5 3,530.9 3,548.0 3,599.6 3,664.8 3,713.6 3,753.5 3,784.7 18 Professional, scientific, and technical services………………………… 1,962.8 2,074.9 1,922.6 1,953.9 1,983.5 1,991.3 2,042.0 2,065.3 2,083.9 2,108.5 2,116.0 19 Management of companies and enterprises…………………………… 630.7 650.0 623.3 631.1 630.4 638.2 630.0 650.2 660.0 659.7 656.8 20 Administrative and waste management services……………………… 904.1 958.0 878.3 902.6 917.0 918.5 927.6 949.3 969.7 985.3 1,012.0 21 Educational services, health care, and social assistance………………… 2,535.6 2,698.9 2,482.6 2,520.9 2,556.5 2,582.6 2,634.4 2,701.9 2,700.6 2,758.6 2,785.5 22 Educational services……………………………………………………… 329.0 341.4 324.2 327.7 329.8 334.1 336.3 341.2 342.4 345.5 348.5 23 Health care and social assistance………………………………………… 2,206.6 2,357.5 2,158.4 2,193.2 2,226.6 2,248.4 2,298.1 2,360.8 2,358.2 2,413.1 2,437.0 24 Arts, entertainment, recreation, accommodation, and food services…… 1,283.8 1,360.5 1,250.4 1,280.0 1,291.4 1,313.4 1,332.3 1,346.5 1,372.0 1,391.0 1,401.6 Arts, entertainment, and recreation……………………………………… 316.9 340.6 308.6 316.4 318.4 324.4 328.9 332.4 344.7 356.6 353.4 25 26 Accommodation and food services……………………………………… 966.9 1,019.8 941.8 963.6 973.0 989.1 1,003.4 1,014.1 1,027.3 1,034.4 1,048.2 27 Other services, except government………………………………………… 663.3 708.5 651.0 663.9 664.0 674.1 690.8 697.9 715.6 729.6 736.0 28 Government……………………………………………………………………… 3,519.7 3,599.3 3,480.5 3,515.2 3,535.3 3,547.8 3,552.4 3,585.4 3,620.8 3,638.6 3,666.0 29 Federal………………………………………………………………………… 1,104.5 1,121.7 1,100.2 1,104.1 1,105.2 1,108.3 1,110.6 1,120.1 1,129.5 1,126.8 1,128.3 30 State and local………………………………………………………………… 2,415.2 2,477.6 2,380.3 2,411.0 2,430.1 2,439.5 2,441.8 2,465.2 2,491.3 2,511.9 2,537.7 31 32 Addenda: Private goods-producing industries1………………………………………… 8,078.6 7,990.0 8,053.2 8,133.0 8,144.2 7,984.0 7,868.7 7,927.6 8,000.7 8,163.0 8,349.1 Private services-producing industries2………………………………………19,798.7 20,599.3 19,520.5 19,762.3 19,912.3 19,999.8 20,209.3 20,465.2 20,729.2 20,993.4 21,235.5 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Source: U.S. Bureau of Economic Analysis – 13 –
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