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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, JANUARY 21, 2016 Technical: Edward Morgan (202) 606-9541 Amanda Lyndaker (202) 606-5572 Media: Jeannine Aversa (202) 606-2649 E-mail inquiries: industryeconomicaccounts@bea.gov BEA 16-03 Retail Trade Led Growth in the Third Quarter Gross Domestic Product by Industry: Third Quarter 2015 Retail trade; health care and social assistance; and agriculture, forestry, fishing, and hunting were the leading contributors to the increase in U.S. economic growth in the third quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 15 of 22 industry groups contributed to the 2.0 percent increase in real GDP in the third quarter. Percent change from preceding period Real GDP and Real Value Added by Sector 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 ‐1.0 2014:III GDP 2014:IV Private Goods 2015:I Private Services 2015:II 2015:III Government U.S. Bureau of Economic Analysis For the retail trade industry group, real value added—a measure of an industry’s contribution to GDP—increased 7.1 percent in the third quarter, after increasing 3.7 percent in the second quarter. The third quarter growth primarily reflected an increase in general merchandise stores. Health care and social assistance increased 5.5 percent, after increasing 2.1 percent. The increase reflected growth in both ambulatory health care services and hospitals. Agriculture, forestry, fishing, and hunting increased 37.5 percent, after decreasing 3.9 percent. This was the largest increase since the first quarter of 2013 and was primarily attributed to the farm industry. Percent change from preceding period 40 Real Value Added by Industry Agriculture, forestry, fishing, and hunting 30 Wholesale trade 20 Retail trade Information 10 Finance and insurance 0 Health care and social assistance ‐10 2015 2nd Quarter U.S. Bureau of Economic Analysis 2015 3rd Quarter Other highlights Real GDP growth slowed to 2.0 percent in the third quarter, from 3.9 percent in the second quarter. Finance and insurance was the leading contributor to the deceleration in real GDP in the third quarter. Real value added for the industry group decreased 1.3 percent, after increasing 12.4 percent in the second quarter. Wholesale trade decreased 5.8 percent, after increasing 8.4 percent. This was the largest decrease since the second quarter of 2009 and was the second leading contributor to the slowdown. Information increased 0.4 percent, after increasing 9.3 percent, primarily reflecting an increase in information and data processing services. Gross output by industry Real gross output—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 third quarter. This reflected increases in real gross output for both the private goods- and services-producing sectors, as well as the government sector. -2- Percent change from preceding period 15 Real Gross Output by Industry Agriculture, forestry, fishing, and hunting 10 Wholesale trade 5 Retail trade 0 Information Finance and insurance ‐5 Health care and social assistance ‐10 2015 2nd Quarter U.S. Bureau of Economic Analysis 2015 3rd Quarter Real gross output for agriculture, forestry, fishing, and hunting increased 12.6 percent, after decreasing 4.0 percent in the second quarter. This was the largest increase since the first quarter of 2013. Finance and insurance decreased 6.4 percent, after increasing 2.3 percent. This was the largest decrease since the second quarter of 2012, primarily reflecting a decrease in securities, commodity contracts, and investments. Health care and social assistance increased 7.9 percent, after increasing 3.8 percent, reflecting an increase in ambulatory health care services. This was the largest increase since the first quarter of 2012. * * * BEA's national, international, regional, and industry estimates; BEA news releases; and related articles in the Survey of Current Business are available for free on BEA's Web site at www.bea.gov. The entire historical time series for these estimates can be accessed in BEA's Interactive Data Application at www.bea.gov/itable/. Stay informed about BEA developments by signing up for our email subscription service or following us on Twitter @BEA_News. You also can access BEA data by registering for our Data Application Programming Interface, or API. (www.bea.gov/API/signup/index.cfm). * * * BEA's news release schedule is available at www.bea.gov/newsreleases/2016rd.htm. Next release -- April 21, 2016 at 8:30 A.M. EDT for: Gross Domestic Product by Industry: Fourth Quarter and Annual 2015 -3- January 21, 2016 Table 1. Real Value Added by Industry Group: Percent Change from Preceding Period Line 2013 2014 2013 I 1 II III Seasonally adjusted at annual rates 2014 IV I II III IV 3.8 ‐0.9 4.6 4.3 2.1 0.6 2015 II 3.9 2.0 8.0 23.9 ‐1.5 5.7 1.7 1.9 1.4 2.7 ‐0.4 ‐3.1 6.7 ‐2.5 ‐10.3 2.1 3.3 2.4 2.3 5.9 3.8 ‐0.8 4.5 3.5 5.7 2.7 1.8 ‐0.5 ‐1.6 0.0 0.9 6.6 15.2 ‐15.3 1.4 0.8 ‐3.8 6.5 ‐1.0 5.4 ‐15.6 10.2 ‐0.3 ‐3.8 1.7 3.5 4.4 2.3 2.1 1.7 ‐1.4 2.2 ‐2.7 ‐1.3 ‐3.1 ‐2.2 ‐0.8 ‐0.2 ‐1.1 4.3 ‐3.9 ‐17.9 6.1 9.8 0.7 1.2 0.0 8.4 3.7 10.4 9.3 5.7 12.4 2.3 6.4 7.6 5.0 4.8 1.3 ‐3.3 2.1 2.6 1.2 3.1 2.0 0.1 ‐0.2 0.2 2.1 37.5 ‐8.3 ‐0.9 7.1 2.6 1.0 4.4 ‐5.8 7.1 1.1 0.4 ‐0.5 ‐1.3 ‐0.1 4.2 3.9 5.2 4.3 5.3 4.4 5.5 3.4 7.0 2.2 ‐0.4 0.4 ‐0.3 0.7 2.9 5.5 2.7 0.2 4.2 6.2 1.0 0.4 5.5 1.5 Gross domestic product…………………………………………………………………………………… 1.5 2.4 1.9 1.1 3.0 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……………………………………………………………………………………………………… 1.6 18.5 4.7 ‐0.4 2.6 1.5 0.9 2.2 3.2 2.7 0.5 6.8 ‐0.8 ‐3.3 0.6 0.6 ‐0.9 5.1 1.4 1.4 ‐2.0 2.0 2.2 3.0 1.9 ‐0.6 ‐0.8 ‐2.4 0.0 2.5 2.6 7.0 ‐4.0 0.9 1.6 1.6 1.6 3.3 1.8 0.8 3.9 2.3 2.3 2.4 4.2 3.3 6.9 4.3 2.1 1.9 2.2 3.0 3.0 3.0 2.5 ‐0.2 ‐0.9 0.2 2.2 67.5 ‐2.7 8.2 3.1 11.3 3.8 20.5 2.9 13.1 4.8 25.5 ‐5.9 ‐17.2 0.9 ‐11.0 ‐11.9 ‐21.6 ‐1.3 2.2 ‐7.4 3.8 4.8 2.5 5.6 ‐3.6 ‐1.0 ‐2.2 ‐0.4 0.7 34.8 5.2 ‐5.2 1.0 ‐2.5 ‐2.5 ‐2.6 3.7 ‐5.4 ‐3.8 3.8 0.4 3.8 ‐1.4 4.4 1.4 18.3 2.8 0.4 0.9 0.3 ‐2.0 1.8 ‐3.4 ‐1.8 ‐0.8 ‐2.4 0.0 4.0 31.9 3.1 ‐8.3 5.2 4.3 2.8 6.1 8.5 4.3 1.4 3.9 2.9 ‐1.1 5.2 6.5 4.7 15.2 5.2 1.2 ‐0.2 1.4 1.0 0.9 1.1 0.5 ‐1.5 ‐4.7 0.0 3.9 1.0 10.7 ‐1.4 ‐1.8 4.1 2.5 6.0 4.7 ‐1.5 8.9 17.5 3.6 5.4 2.7 4.0 2.6 8.3 4.4 0.4 ‐0.1 0.5 5.0 6.3 4.6 3.3 ‐1.7 ‐5.7 0.3 ‐1.8 ‐27.9 ‐5.7 7.7 ‐3.8 ‐1.3 ‐3.7 1.4 ‐5.3 1.9 ‐6.6 ‐3.9 ‐3.4 ‐10.0 0.4 1.4 0.9 ‐0.8 3.9 2.4 5.8 1.9 2.4 1.4 2.8 1.3 2.0 5.9 0.2 4.9 25.0 10.4 ‐19.4 6.5 3.9 5.0 2.8 6.0 5.7 2.8 4.7 7.4 16.1 2.9 3.7 3.8 2.2 4.4 2.3 0.6 2.6 4.1 1.8 4.9 4.2 ‐0.1 ‐1.1 0.4 5.4 6.0 20.3 ‐1.4 0.1 ‐0.1 7.3 ‐8.0 10.8 3.0 5.7 ‐1.5 7.8 14.1 4.5 8.9 8.7 18.0 3.9 4.9 3.4 5.1 3.9 4.1 3.9 5.4 ‐0.4 ‐1.2 0.0 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 3.1 2.3 10.6 1.3 5.9 3.5 ‐4.3 6.5 32 Private services‐producing industries 2 …………………………………………………………………… 1.1 2.6 ‐0.2 0.6 3.5 4.0 ‐1.0 4.4 I III 2.0 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 -4- January 21, 2016 Table 2. Contributions to Percent Change in Real GDP by Industry Group 2013 Line 2014 Seasonally adjusted at annual rates 2014 IV I II III IV 2013 I II III 2015 II I III 1.5 2.4 1.9 1.1 3.0 3.8 ‐0.9 4.6 4.3 2.1 0.6 3.9 2.0 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……………………………………………………………………………………………………… 1.37 0.21 0.12 ‐0.01 0.10 0.18 0.06 0.12 0.19 0.16 0.02 0.31 ‐0.17 ‐0.24 0.07 0.07 ‐0.06 0.09 0.04 0.12 ‐0.02 0.14 0.08 0.03 0.05 ‐0.01 ‐0.11 ‐0.11 0.00 2.18 0.04 0.18 ‐0.07 0.04 0.20 0.11 0.09 0.20 0.10 0.02 0.18 0.47 0.16 0.31 0.49 0.23 0.13 0.13 0.18 0.02 0.15 0.11 0.03 0.08 0.05 ‐0.02 ‐0.04 0.01 1.87 0.66 ‐0.07 0.13 0.11 1.29 0.25 1.05 0.17 0.72 0.14 1.05 ‐1.21 ‐1.33 0.12 ‐1.38 ‐0.87 ‐0.47 ‐0.04 0.18 ‐0.09 0.27 0.17 0.02 0.15 ‐0.08 ‐0.13 ‐0.10 ‐0.04 0.62 0.42 0.13 ‐0.09 0.04 ‐0.32 ‐0.16 ‐0.16 0.22 ‐0.32 ‐0.11 0.18 0.07 0.25 ‐0.19 0.50 0.10 0.32 0.08 0.03 0.01 0.02 ‐0.08 0.02 ‐0.09 ‐0.04 ‐0.10 ‐0.11 0.00 3.47 0.39 0.08 ‐0.14 0.19 0.52 0.18 0.34 0.49 0.25 0.04 0.18 0.57 ‐0.08 0.65 0.75 0.32 0.28 0.15 0.10 0.00 0.10 0.04 0.01 0.03 0.01 ‐0.21 ‐0.20 0.00 3.39 0.02 0.27 ‐0.02 ‐0.07 0.49 0.16 0.33 0.28 ‐0.08 0.25 0.78 0.72 0.37 0.35 0.47 0.18 0.16 0.13 0.03 0.00 0.04 0.19 0.06 0.13 0.07 ‐0.22 ‐0.24 0.03 ‐1.55 ‐0.40 ‐0.16 0.12 ‐0.15 ‐0.16 ‐0.24 0.08 ‐0.32 0.11 ‐0.20 ‐0.19 ‐0.68 ‐0.73 0.05 0.16 0.06 ‐0.02 0.11 0.20 0.06 0.13 0.09 0.01 0.08 0.03 0.26 0.24 0.02 4.21 0.29 0.27 ‐0.35 0.24 0.48 0.32 0.16 0.35 0.33 0.08 0.22 1.44 1.06 0.38 0.43 0.26 0.04 0.13 0.19 0.01 0.18 0.15 0.02 0.13 0.09 ‐0.01 ‐0.05 0.03 4.69 0.08 0.50 ‐0.02 0.00 0.00 0.46 ‐0.47 0.63 0.18 0.17 ‐0.07 1.54 0.96 0.57 1.03 0.58 0.33 0.12 0.40 0.04 0.36 0.15 0.04 0.11 0.12 ‐0.05 ‐0.05 0.00 1.73 0.09 0.55 ‐0.02 0.22 0.20 0.12 0.08 0.16 ‐0.03 ‐0.09 0.31 ‐0.51 ‐0.78 0.27 0.38 0.16 0.05 0.18 0.30 ‐0.01 0.31 0.13 0.06 0.08 0.04 ‐0.07 ‐0.07 0.00 0.80 0.07 0.32 ‐0.27 0.06 0.10 ‐0.26 0.35 ‐0.06 0.30 ‐0.51 0.46 ‐0.06 ‐0.28 0.22 0.41 0.30 0.04 0.06 0.14 ‐0.02 0.15 ‐0.10 ‐0.01 ‐0.09 ‐0.05 ‐0.10 ‐0.01 ‐0.10 3.76 ‐0.04 ‐0.37 0.10 0.37 0.09 0.09 0.00 0.50 0.21 0.30 0.43 1.14 0.84 0.30 0.77 0.52 0.10 0.15 0.11 ‐0.04 0.15 0.10 0.01 0.09 0.05 0.01 ‐0.01 0.02 1.82 0.35 ‐0.15 ‐0.01 0.27 0.31 0.07 0.24 ‐0.36 0.40 0.03 0.02 ‐0.11 ‐0.09 ‐0.02 0.51 0.27 0.10 0.13 0.43 0.05 0.38 0.13 0.07 0.06 ‐0.01 0.05 ‐0.01 0.07 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 0.61 0.45 2.00 0.26 1.17 0.71 ‐0.87 1.27 0.58 1.06 0.54 0.05 0.78 32 Private services‐producing industries 2 …………………………………………………………………… 0.76 1.74 ‐0.12 0.35 2.30 2.68 ‐0.68 2.94 4.10 0.68 0.26 3.71 1.04 1 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 contribution of the "Not allocated by industry" line is excluded. Source: U.S. Bureau of Economic Analysis -5- January 21, 2016 Table 3. Chain‐Type Price Indexes for Value Added by Industry Group: Percent Change from Preceding Period Seasonally adjusted at annual rates Line 2013 2014 2013 I 1 II 2015 2014 III IV I II III IV I II III Gross domestic product…………………………………………………………………………………… 1.6 1.6 1.5 1.1 2.0 1.8 1.5 2.2 1.6 0.1 0.1 2.1 1.3 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……………………………………………………………………………………………………… 1.8 2.4 2.5 3.3 3.5 0.6 1.8 ‐0.8 0.9 1.0 2.9 0.8 2.9 4.1 2.2 1.5 1.6 0.7 1.6 1.3 3.0 1.0 2.6 1.6 2.9 2.8 2.0 1.0 2.5 1.8 ‐6.9 ‐3.8 8.2 6.1 2.0 2.3 1.5 0.8 1.3 3.7 0.0 2.9 4.0 2.3 1.1 1.6 ‐1.8 2.1 1.2 2.4 1.0 2.5 1.9 2.7 2.6 2.4 2.3 2.5 1.7 29.0 9.6 3.8 4.5 ‐2.9 1.8 ‐8.0 0.0 ‐3.0 3.9 2.5 2.0 1.3 2.3 3.3 1.9 9.6 2.7 1.2 3.8 0.8 0.9 ‐0.2 1.3 4.3 2.1 0.6 2.8 1.5 ‐29.2 7.9 5.7 4.5 ‐1.1 2.7 ‐5.3 ‐1.2 5.0 3.2 1.4 3.0 5.4 1.8 1.6 2.9 ‐2.0 1.0 1.1 2.5 0.8 5.0 1.6 6.2 2.9 1.9 0.9 2.3 1.5 ‐20.8 14.4 2.9 4.7 ‐0.1 2.6 ‐3.0 0.3 1.1 2.9 ‐1.3 3.7 5.1 2.9 ‐0.8 0.6 ‐9.0 1.9 1.2 2.2 1.0 4.6 4.2 4.7 2.4 2.4 1.2 2.9 2.0 ‐25.9 ‐20.6 7.0 9.6 8.1 3.8 13.4 1.4 4.1 3.3 ‐1.1 3.5 5.5 2.5 0.3 1.2 ‐4.4 1.3 1.9 3.6 1.6 1.0 1.3 0.8 2.8 4.8 9.9 2.5 2.2 17.2 18.8 12.9 7.2 ‐2.5 2.1 ‐7.6 3.8 ‐4.3 2.5 2.6 2.6 3.6 2.0 2.5 2.8 3.0 1.6 0.2 1.6 0.0 0.9 2.7 0.3 2.1 0.5 ‐2.3 1.8 2.6 27.8 1.1 11.9 2.2 2.8 0.9 5.0 ‐0.3 2.1 6.0 ‐1.1 3.2 3.8 2.8 0.8 0.2 ‐1.4 3.5 1.8 3.2 1.6 3.1 1.2 3.7 2.7 2.7 2.5 2.9 1.0 ‐27.4 ‐21.0 2.8 7.8 5.8 2.5 9.8 ‐2.7 2.3 1.4 0.4 2.2 2.6 1.9 1.5 2.4 ‐3.5 3.0 1.3 0.5 1.4 3.2 1.4 3.9 2.4 3.0 2.4 3.2 0.3 ‐11.8 ‐43.6 6.1 5.0 ‐0.4 2.6 ‐3.8 1.2 8.4 10.1 ‐2.9 1.6 0.3 2.3 2.0 1.0 4.8 2.2 1.8 4.0 1.4 3.3 ‐0.7 4.8 3.6 2.0 1.5 2.3 ‐0.4 ‐34.3 ‐67.7 25.4 2.8 1.5 7.0 ‐4.6 2.5 ‐3.7 21.0 ‐2.6 3.3 3.4 3.3 2.8 2.3 3.3 3.6 1.8 6.1 1.1 8.5 8.3 8.5 4.1 3.1 3.2 3.1 2.3 ‐2.5 27.1 ‐3.2 ‐2.3 4.6 2.9 6.7 ‐1.3 1.1 ‐6.5 0.0 4.3 5.8 3.5 0.6 ‐0.1 0.4 2.5 3.0 4.6 2.7 3.5 6.0 2.6 3.7 2.0 1.5 2.2 1.3 ‐3.1 ‐36.3 5.2 3.1 1.5 2.1 0.9 2.0 1.9 1.0 2.6 2.7 2.4 2.9 1.6 1.9 1.8 0.9 2.5 2.6 2.4 4.3 1.8 5.2 3.6 2.1 2.1 2.1 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 1.5 1.3 2.0 ‐1.2 1.1 1.5 3.1 3.9 ‐0.4 ‐7.1 ‐12.6 4.7 ‐2.7 32 Private services‐producing industries 2 …………………………………………………………………… 1.9 2.0 1.7 2.4 1.6 2.2 1.9 2.2 1.4 2.5 3.4 1.7 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 -6- January 21, 2016 Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group Line 2013 2014 Seasonally adjusted at annual rates 2014 2013 I II III IV I II III IV 2015 II I III 1.6 1.6 1.5 1.1 2.0 1.8 1.5 2.2 1.6 0.1 0.1 2.1 1.3 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……………………………………………………………………………………………………… 1.59 0.03 0.06 0.05 0.13 0.07 0.12 ‐0.05 0.06 0.06 0.08 0.04 0.57 0.29 0.29 0.17 0.11 0.01 0.05 0.11 0.03 0.07 0.10 0.02 0.08 0.06 0.28 0.05 0.23 1.59 ‐0.09 ‐0.10 0.13 0.23 0.24 0.15 0.09 0.05 0.08 0.11 0.00 0.57 0.27 0.30 0.14 0.11 ‐0.04 0.06 0.10 0.03 0.07 0.09 0.02 0.07 0.06 0.32 0.09 0.23 1.63 0.34 0.26 0.06 0.17 ‐0.32 0.12 ‐0.44 0.00 ‐0.16 0.12 0.12 0.41 0.10 0.31 0.40 0.13 0.18 0.08 0.11 0.04 0.06 0.03 0.00 0.04 0.10 0.17 ‐0.10 0.26 1.48 ‐0.47 0.21 0.09 0.17 ‐0.07 0.18 ‐0.26 ‐0.07 0.30 0.10 0.07 0.62 0.38 0.24 0.19 0.20 ‐0.04 0.03 0.09 0.03 0.06 0.19 0.02 0.17 0.07 0.12 ‐0.10 0.22 1.54 ‐0.30 0.39 0.05 0.18 0.06 0.18 ‐0.11 0.02 0.08 0.09 ‐0.05 0.77 0.38 0.39 ‐0.07 0.04 ‐0.17 0.06 0.10 0.03 0.08 0.18 0.04 0.14 0.05 0.09 ‐0.19 0.28 2.34 ‐0.35 ‐0.54 0.12 0.39 1.13 0.28 0.85 0.10 0.28 0.11 ‐0.04 0.79 0.43 0.35 0.06 0.10 ‐0.08 0.04 0.17 0.04 0.13 0.05 0.01 0.03 0.07 0.04 ‐0.22 0.25 1.57 0.18 0.42 0.18 0.24 ‐0.35 0.12 ‐0.47 0.21 ‐0.28 0.06 0.12 0.45 0.22 0.23 0.27 0.17 0.05 0.05 0.01 0.02 ‐0.01 0.03 0.02 0.00 0.04 0.37 0.22 0.15 2.37 0.33 0.03 0.19 0.08 0.38 0.06 0.32 ‐0.02 0.15 0.18 ‐0.05 0.65 0.27 0.38 0.10 0.02 ‐0.03 0.11 0.16 0.04 0.12 0.12 0.01 0.11 0.06 0.22 ‐0.04 0.27 1.03 ‐0.39 ‐0.61 0.05 0.30 0.71 0.16 0.55 ‐0.16 0.14 0.05 0.02 0.45 0.20 0.25 0.19 0.17 ‐0.07 0.09 0.11 0.01 0.10 0.12 0.01 0.11 0.05 0.25 ‐0.05 0.30 0.34 ‐0.15 ‐1.42 0.10 0.19 ‐0.03 0.17 ‐0.21 0.08 0.48 0.29 ‐0.14 0.34 0.03 0.31 0.24 0.08 0.10 0.07 0.15 0.04 0.10 0.13 ‐0.01 0.14 0.08 0.15 ‐0.06 0.21 ‐0.21 ‐0.48 ‐2.38 0.37 0.11 0.21 0.45 ‐0.25 0.15 ‐0.21 0.58 ‐0.12 0.67 0.24 0.43 0.34 0.16 0.06 0.11 0.15 0.07 0.08 0.32 0.08 0.24 0.09 0.27 ‐0.01 0.28 2.02 ‐0.03 0.45 ‐0.05 ‐0.09 0.55 0.19 0.36 ‐0.08 0.06 ‐0.20 0.00 0.86 0.40 0.46 0.08 ‐0.01 0.01 0.08 0.25 0.05 0.20 0.14 0.06 0.08 0.08 0.25 0.06 0.19 1.14 ‐0.04 ‐0.79 0.08 0.12 0.19 0.14 0.05 0.12 0.11 0.03 0.13 0.54 0.17 0.38 0.20 0.13 0.04 0.03 0.20 0.03 0.17 0.16 0.02 0.15 0.08 0.27 0.08 0.19 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 0.29 0.27 0.45 ‐0.17 0.33 0.63 0.49 0.82 0.01 ‐1.41 ‐2.54 0.88 ‐0.52 32 Private services‐producing industries 2 …………………………………………………………………… 1.30 1.32 1.19 1.64 1.21 1.71 1.08 1.54 1.02 1.75 2.33 1.14 1.66 1 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 contribution of the "Not allocated by industry" line is excluded. Source: U.S. Bureau of Economic Analysis -7- January 21, 2016 Table 5. Value Added by Industry Group Line 1 2013 2013 2014 Billions of dollars Seasonally adjusted at annual rates 2014 2015 I II III IV I II III IV I II III Gross domestic product……………………………………………………………………………………16,663.2 17,348.1 16,440.7 16,526.8 16,727.5 16,957.6 16,984.3 17,270.0 17,522.1 17,615.9 17,649.3 17,913.7 18,060.2 2 Private industries………………………………………………………………………………………………… 14,438.6 15,073.5 14,227.1 14,307.1 14,503.4 14,716.8 14,729.9 15,000.9 15,238.9 3 Agriculture, forestry, fishing, and hunting……………………………………………………………… 225.4 215.4 230.2 227.7 230.1 213.8 204.6 229.7 215.0 4 Mining…………………………………………………………………………………………………………………… 441.0 453.8 425.0 438.7 457.3 443.2 456.6 469.8 464.2 5 Utilities………………………………………………………………………………………………………………… 270.5 280.8 271.4 271.6 267.7 271.4 285.0 277.8 278.7 6 Construction………………………………………………………………………………………………………… 619.9 664.0 603.4 611.5 626.4 638.1 643.0 656.7 669.3 7 Manufacturing……………………………………………………………………………………………………… 2,024.7 2,097.7 2,013.3 1,994.6 2,015.2 2,075.6 2,055.6 2,090.1 2,119.2 8 Durable goods…………………………………………………………………………………………………… 1,082.0 1,125.5 1,070.6 1,070.8 1,085.0 1,101.7 1,097.2 1,113.0 1,139.6 9 Nondurable goods……………………………………………………………………………………………… 942.6 972.2 942.7 923.8 930.2 973.9 958.5 977.1 979.6 10 Wholesale trade…………………………………………………………………………………………………… 1,002.2 1,044.5 983.4 989.4 1,010.4 1,025.7 1,021.4 1,035.6 1,055.3 11 Retail trade…………………………………………………………………………………………………………… 967.6 997.8 960.7 959.2 972.1 978.3 972.3 991.0 1,004.2 12 Transportation and warehousing…………………………………………………………………………… 483.5 505.7 478.1 477.1 482.3 496.6 491.2 501.8 510.7 13 Information…………………………………………………………………………………………………………… 793.8 824.7 776.3 786.3 791.2 821.5 818.7 825.9 823.6 14 Finance, insurance, real estate, rental, and leasing……………………………………………… 3,295.5 3,470.6 3,233.8 3,260.9 3,314.2 3,372.8 3,365.2 3,452.2 3,536.5 15 Finance and insurance………………………………………………………………………………………… 1,150.2 1,222.9 1,117.8 1,143.2 1,154.4 1,185.4 1,164.9 1,220.5 1,269.7 16 Real estate and rental and leasing……………………………………………………………………… 2,145.3 2,247.7 2,116.1 2,117.7 2,159.9 2,187.4 2,200.3 2,231.8 2,266.8 17 Professional and business services………………………………………………………………………… 1,952.5 2,057.0 1,912.5 1,940.8 1,967.9 1,988.7 2,007.9 2,029.9 2,081.5 18 Professional, scientific, and technical services…………………………………………………… 1,136.6 1,193.0 1,117.5 1,129.5 1,144.2 1,155.2 1,165.8 1,177.4 1,209.2 19 Management of companies and enterprises……………………………………………………… 322.0 337.9 310.6 322.4 326.2 328.9 330.6 331.1 342.0 20 Administrative and waste management services………………………………………………… 493.8 526.0 484.4 488.9 497.5 504.5 511.4 521.4 530.4 21 Educational services, health care, and social assistance………………………………………… 1,373.2 1,419.6 1,363.5 1,368.4 1,376.5 1,384.4 1,393.3 1,407.7 1,429.0 22 Educational services…………………………………………………………………………………………… 184.7 192.8 182.7 184.2 185.2 186.7 190.1 191.9 193.8 23 Health care and social assistance……………………………………………………………………… 1,188.5 1,226.9 1,180.9 1,184.2 1,191.4 1,197.6 1,203.2 1,215.7 1,235.2 24 Arts, entertainment, recreation, accommodation, and food services…………………… 625.7 660.3 615.8 620.1 628.7 638.0 643.3 654.6 666.1 25 Arts, entertainment, and recreation…………………………………………………………………… 164.3 172.4 161.5 162.9 164.9 168.0 169.7 171.0 173.3 26 Accommodation and food services…………………………………………………………………… 461.4 488.0 454.3 457.3 463.8 470.1 473.6 483.6 492.8 27 Other services, except government……………………………………………………………………… 363.1 381.6 359.7 360.7 363.3 368.7 371.9 378.2 385.5 28 Government………………………………………………………………………………………………………… 2,224.6 2,274.6 2,213.6 2,219.7 2,224.1 2,240.8 2,254.4 2,269.1 2,283.2 29 Federal………………………………………………………………………………………………………………… 708.4 718.0 712.0 709.2 703.0 709.3 715.3 717.7 719.6 30 State and local……………………………………………………………………………………………………… 1,516.2 1,556.6 1,501.7 1,510.5 1,521.1 1,531.5 1,539.0 1,551.4 1,563.6 15,324.2 212.3 424.4 281.8 687.0 2,125.9 1,152.2 973.7 1,065.6 1,023.5 519.1 830.8 3,528.3 1,236.5 2,291.8 2,108.5 1,219.5 348.0 541.0 1,448.6 195.3 1,253.3 677.4 175.4 502.0 390.7 2,291.8 719.3 1,572.4 15,344.3 194.2 331.6 286.0 694.2 2,138.1 1,160.4 977.7 1,069.5 1,027.3 521.7 845.6 3,554.7 1,234.7 2,320.1 2,141.2 1,239.8 352.8 548.6 1,461.1 197.5 1,263.6 686.6 178.3 508.3 392.5 2,305.0 724.7 1,580.3 15,597.1 191.1 335.1 287.9 706.5 2,165.8 1,172.2 993.5 1,087.8 1,039.5 525.9 864.7 3,642.9 1,289.2 2,353.7 2,178.2 1,262.2 357.5 558.5 1,476.8 198.0 1,278.8 697.0 181.5 515.5 398.1 2,316.5 726.9 1,589.6 15,729.3 205.3 292.9 290.9 724.1 2,187.7 1,181.2 1,006.5 1,077.0 1,062.6 528.6 871.0 3,662.5 1,292.6 2,369.9 2,209.8 1,280.3 363.7 565.8 1,505.2 201.5 1,303.7 710.3 185.4 524.9 401.2 2,330.9 730.0 1,600.9 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 3,311.0 3,430.9 3,271.9 3,272.4 3,329.0 3,370.7 3,359.8 3,446.3 3,467.7 3,449.7 3,358.0 3,398.4 3,410.0 2 32 Private services‐producing industries ……………………………………………………………………11,127.6 11,642.6 10,955.2 11,034.7 11,174.4 11,346.1 11,370.1 11,554.7 11,771.1 11,874.4 11,986.3 12,198.7 12,319.3 31 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 -8- January 21, 2016 Table 5a. Value Added by Industry Group as a Percentage of GDP Line 2013 2014 2013 II III 100.0 100.0 I 100.0 IV 100.0 I 100.0 2015 II 100.0 III 100.0 Gross domestic product…………………………………………………………………………………… 100.0 100.0 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……………………………………………………………………………………………………… 86.6 1.4 2.6 1.6 3.7 12.2 6.5 5.7 6.0 5.8 2.9 4.8 19.8 6.9 12.9 11.7 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.4 4.3 9.1 86.9 1.2 2.6 1.6 3.8 12.1 6.5 5.6 6.0 5.8 2.9 4.8 20.0 7.0 13.0 11.9 6.9 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.1 4.1 9.0 86.5 1.4 2.6 1.7 3.7 12.2 6.5 5.7 6.0 5.8 2.9 4.7 19.7 6.8 12.9 11.6 6.8 1.9 2.9 8.3 1.1 7.2 3.7 1.0 2.8 2.2 13.5 4.3 9.1 86.6 1.4 2.7 1.6 3.7 12.1 6.5 5.6 6.0 5.8 2.9 4.8 19.7 6.9 12.8 11.7 6.8 2.0 3.0 8.3 1.1 7.2 3.8 1.0 2.8 2.2 13.4 4.3 9.1 86.7 1.4 2.7 1.6 3.7 12.0 6.5 5.6 6.0 5.8 2.9 4.7 19.8 6.9 12.9 11.8 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.3 4.2 9.1 86.8 1.3 2.6 1.6 3.8 12.2 6.5 5.7 6.0 5.8 2.9 4.8 19.9 7.0 12.9 11.7 6.8 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.2 4.2 9.0 86.7 1.2 2.7 1.7 3.8 12.1 6.5 5.6 6.0 5.7 2.9 4.8 19.8 6.9 13.0 11.8 6.9 1.9 3.0 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.3 4.2 9.1 86.9 1.3 2.7 1.6 3.8 12.1 6.4 5.7 6.0 5.7 2.9 4.8 20.0 7.1 12.9 11.8 6.8 1.9 3.0 8.2 1.1 7.0 3.8 1.0 2.8 2.2 13.1 4.2 9.0 87.0 1.2 2.6 1.6 3.8 12.1 6.5 5.6 6.0 5.7 2.9 4.7 20.2 7.2 12.9 11.9 6.9 2.0 3.0 8.2 1.1 7.0 3.8 1.0 2.8 2.2 13.0 4.1 8.9 87.0 1.2 2.4 1.6 3.9 12.1 6.5 5.5 6.0 5.8 2.9 4.7 20.0 7.0 13.0 12.0 6.9 2.0 3.1 8.2 1.1 7.1 3.8 1.0 2.8 2.2 13.0 4.1 8.9 86.9 1.1 1.9 1.6 3.9 12.1 6.6 5.5 6.1 5.8 3.0 4.8 20.1 7.0 13.1 12.1 7.0 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 13.1 4.1 9.0 87.1 1.1 1.9 1.6 3.9 12.1 6.5 5.5 6.1 5.8 2.9 4.8 20.3 7.2 13.1 12.2 7.0 2.0 3.1 8.2 1.1 7.1 3.9 1.0 2.9 2.2 12.9 4.1 8.9 87.1 1.1 1.6 1.6 4.0 12.1 6.5 5.6 6.0 5.9 2.9 4.8 20.3 7.2 13.1 12.2 7.1 2.0 3.1 8.3 1.1 7.2 3.9 1.0 2.9 2.2 12.9 4.0 8.9 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 19.9 19.8 19.9 19.8 19.9 19.9 19.8 20.0 19.8 19.6 19.0 19.0 18.9 32 Private services‐producing industries 2 …………………………………………………………………… 66.8 67.1 66.6 66.8 66.8 66.9 66.9 66.9 67.2 67.4 67.9 68.1 68.2 1 IV 100.0 2014 II III 100.0 100.0 I 100.0 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 -9- January 21, 2016 Table 6. Real Gross Output by Industry Group: Percent Change from Preceding Period Seasonally adjusted at annual rates Line 2013 2014 2013 I 1 II 2015 2014 III IV I II III IV I II III All industries…………………………………………………………………………………………………… 1.6 3.1 ‐0.7 3.3 2.5 3.9 1.3 4.6 4.2 2.6 1.2 3.1 2.5 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……………………………………………………………………………………………………… 2.1 5.9 6.0 2.8 2.6 1.6 1.2 1.9 2.5 3.2 1.5 3.5 1.9 2.5 1.6 1.7 0.7 4.2 2.3 1.4 0.3 1.6 1.9 2.2 1.8 0.4 ‐2.3 ‐5.7 ‐0.5 3.6 2.1 9.9 ‐0.2 3.1 3.2 5.6 1.2 4.4 1.2 4.4 5.4 2.8 1.6 3.7 5.0 3.7 7.6 6.3 3.0 1.4 3.2 3.7 3.2 3.8 4.2 ‐0.5 ‐2.2 0.4 ‐0.3 21.2 3.6 ‐0.1 ‐0.9 0.8 1.4 0.3 5.5 10.2 ‐1.8 ‐2.6 ‐0.8 5.9 ‐5.2 ‐9.0 ‐0.6 ‐28.3 ‐11.8 ‐0.6 0.8 ‐0.8 3.2 0.3 4.2 ‐11.8 ‐3.9 ‐10.1 ‐0.6 4.0 10.0 14.3 11.8 5.8 2.4 3.2 1.6 ‐2.1 ‐1.2 4.0 3.0 3.3 1.8 4.5 12.5 6.8 23.9 18.7 3.4 3.2 3.4 ‐3.8 ‐4.3 ‐3.6 8.8 ‐1.8 ‐5.0 ‐0.2 3.1 10.3 15.8 ‐5.7 9.0 0.1 ‐0.6 0.8 11.5 4.2 0.5 9.4 0.2 ‐4.2 3.5 4.6 3.3 10.6 3.6 2.1 0.7 2.3 2.6 7.6 1.0 ‐1.9 ‐2.3 ‐6.9 0.0 4.8 ‐0.4 ‐7.7 9.8 0.5 5.0 8.3 2.2 11.2 1.2 5.0 7.8 4.4 7.4 2.4 6.3 5.2 6.1 9.0 3.9 1.2 4.4 7.7 12.4 6.2 5.3 ‐2.4 ‐8.4 0.5 1.3 ‐5.8 20.3 12.5 1.7 2.7 5.1 0.4 ‐6.6 ‐3.7 4.1 3.9 2.0 ‐0.5 3.9 1.5 ‐3.6 9.4 8.2 ‐2.3 0.9 ‐2.8 ‐0.5 ‐0.6 ‐0.5 0.7 1.0 2.9 0.1 5.1 7.2 21.3 ‐20.7 4.0 4.1 5.8 2.5 9.3 7.1 4.8 4.3 3.5 3.0 3.8 5.9 9.4 ‐0.2 2.5 6.4 1.3 7.2 7.0 ‐2.5 10.3 9.9 0.1 ‐1.5 0.9 4.5 1.0 4.9 ‐7.1 ‐0.6 6.1 14.3 ‐0.9 7.5 3.7 5.2 3.3 3.0 0.0 5.1 5.5 7.2 9.0 ‐0.5 6.6 1.8 7.3 5.5 6.6 5.1 4.9 1.8 4.5 0.5 3.1 6.6 ‐8.1 6.5 7.7 ‐0.6 ‐3.1 1.9 3.7 ‐4.6 9.1 6.7 3.6 4.0 3.3 5.9 3.8 6.1 10.8 6.1 3.6 6.5 4.8 1.8 5.8 5.8 ‐1.4 ‐5.7 0.7 1.2 0.1 ‐9.7 ‐3.6 5.7 3.0 ‐1.2 7.5 ‐8.7 2.6 ‐4.1 1.9 2.9 5.1 1.3 ‐0.2 ‐2.0 0.7 3.3 5.3 0.6 6.0 3.0 2.7 3.1 ‐5.3 1.3 2.1 0.9 3.4 ‐4.0 ‐26.0 ‐16.2 23.5 3.0 2.6 3.4 2.7 7.6 ‐0.6 5.0 1.6 2.3 1.0 4.6 4.0 3.8 6.4 3.5 2.0 3.8 6.8 4.1 7.7 11.0 0.7 ‐0.1 1.1 2.7 12.6 ‐7.6 7.2 7.6 4.8 4.6 5.0 ‐6.6 7.4 6.3 1.7 ‐1.5 ‐6.4 2.1 4.8 4.6 5.5 5.0 6.9 ‐0.1 7.9 0.6 0.4 0.6 ‐4.9 1.0 ‐0.3 1.6 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 2.3 3.7 1.8 4.1 3.0 3.0 3.3 5.5 4.8 0.4 2.4 3.6 5.0 32 Private services‐producing industries 2 …………………………………………………………………… 2.0 3.5 ‐1.2 3.9 3.1 5.6 0.4 5.0 4.4 4.4 0.7 3.3 1.8 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 - 10 - January 21, 2016 Table 7. Chain‐Type Price Indexes for Gross Output by Industry Group: Percent Change from Preceding Period All industries…………………………………………………………………………………………………… 1.5 1.6 2.2 0.6 1.6 Seasonally adjusted at annual rates 2014 IV I II III IV 1.2 3.0 2.1 0.6 ‐1.7 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……………………………………………………………………………………………………… 1.5 1.8 2.6 4.1 2.7 0.1 0.5 ‐0.1 1.1 1.1 1.7 0.8 2.7 3.4 2.1 1.5 1.6 1.0 1.5 1.6 2.6 1.4 2.0 1.7 2.1 2.5 1.9 1.1 2.2 1.5 ‐0.7 ‐2.2 6.6 3.5 0.7 1.2 0.2 1.0 1.3 1.8 0.5 2.7 3.2 2.3 1.2 1.5 ‐0.5 1.7 1.6 2.5 1.4 2.4 1.9 2.5 2.2 2.1 1.9 2.1 2.2 10.9 7.9 4.0 3.7 1.4 1.0 1.7 0.9 ‐0.9 3.0 1.6 2.1 2.1 2.2 2.9 2.2 6.1 2.4 2.0 3.1 1.8 1.6 1.2 1.7 3.7 2.2 1.2 2.6 0.5 ‐15.5 7.1 7.4 3.1 ‐3.1 ‐0.3 ‐5.5 ‐0.8 3.3 ‐0.9 0.8 2.9 4.2 1.9 1.5 2.4 ‐0.8 1.0 1.2 2.1 1.0 2.6 0.7 3.2 2.3 1.0 0.3 1.4 1.5 ‐7.9 9.6 0.5 2.6 1.5 0.2 2.6 0.4 0.8 2.8 ‐0.7 3.0 3.5 2.6 ‐0.2 0.5 ‐5.0 1.5 1.2 1.9 1.1 2.6 3.3 2.4 1.8 2.3 1.5 2.6 0.9 ‐13.7 ‐15.3 5.8 4.8 0.7 1.9 ‐0.4 1.1 2.7 1.8 ‐0.6 3.2 4.5 2.3 0.3 0.8 ‐2.3 1.0 1.8 2.9 1.6 1.0 1.5 0.8 2.4 3.3 6.6 1.9 3.2 14.4 18.0 18.7 4.2 2.8 1.8 3.7 3.5 ‐1.8 2.4 2.7 2.7 3.4 2.3 2.5 2.6 3.2 2.0 1.6 3.0 1.4 2.6 3.0 2.5 2.5 1.6 ‐0.6 2.7 2.1 17.3 ‐0.3 4.9 1.5 2.0 0.9 3.1 0.3 1.9 3.4 ‐0.5 2.6 2.7 2.5 1.1 0.9 ‐0.5 2.6 1.9 3.2 1.7 3.0 1.1 3.6 2.0 2.3 2.3 2.3 0.4 ‐13.0 ‐16.7 ‐2.2 4.7 0.3 1.7 ‐1.1 ‐1.4 2.0 0.0 1.2 2.1 2.5 1.9 1.3 1.8 ‐1.5 2.0 1.4 0.8 1.5 2.6 1.5 2.9 2.1 2.2 1.9 2.3 ‐1.9 ‐6.4 ‐34.6 ‐0.6 2.6 ‐7.8 0.2 ‐14.9 1.1 5.8 ‐1.8 ‐1.4 1.3 0.6 1.8 1.3 1.0 2.5 1.2 1.4 2.3 1.3 2.4 ‐0.3 3.3 2.3 ‐0.3 ‐0.3 ‐0.2 ‐5.3 ‐20.8 ‐58.0 ‐0.4 ‐0.5 ‐16.0 0.0 ‐29.5 1.3 ‐2.7 ‐4.3 ‐1.2 2.4 2.7 2.2 1.3 1.2 1.5 1.3 0.2 2.4 ‐0.1 3.1 4.5 2.7 1.8 ‐1.1 0.2 ‐1.7 31 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 0.8 0.8 2.7 ‐2.4 1.7 ‐1.0 4.7 2.6 ‐1.4 ‐8.7 ‐17.9 0.8 ‐4.9 33 Private services‐producing industries 2 …………………………………………………………………… 1.8 1.8 1.9 1.8 1.4 1.8 2.5 1.8 1.3 1.3 0.7 1.6 1.7 Line 2013 2013 2014 I 1 II III ‐4.8 2015 II 1.4 III ‐0.1 1.4 ‐2.9 16.8 ‐4.6 ‐0.9 0.4 ‐1.2 2.1 ‐0.6 1.3 ‐1.5 0.5 3.7 4.8 3.0 0.9 0.4 0.9 2.0 2.0 2.4 2.0 2.2 4.6 1.4 2.7 1.8 1.5 1.9 ‐0.3 ‐5.3 ‐28.1 3.1 1.0 ‐4.2 ‐1.4 ‐7.0 1.7 1.6 ‐1.0 1.8 2.2 1.7 2.5 1.2 1.4 1.3 0.7 1.6 1.8 1.5 2.5 1.1 3.0 2.0 1.3 1.2 1.3 I 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 - January 21, 2016 Table 8. Gross Output by Industry Group Line 1 Billions of dollars Seasonally adjusted at annual rates 2013 2014 2013 2014 2015 I II III IV I II III IV I II III All industries……………………………………………………………………………………………………29,571.6 30,971.0 29,122.1 29,399.6 29,693.4 30,071.1 30,392.3 30,893.7 31,264.6 31,333.6 31,044.1 31,391.7 31,578.7 2 Private industries………………………………………………………………………………………………… 26,187.1 27,532.9 25,734.0 26,018.1 26,312.8 26,683.3 26,982.8 27,463.6 27,800.8 27,884.2 27,593.4 27,919.5 28,087.0 3 Agriculture, forestry, fishing, and hunting……………………………………………………………… 482.2 488.8 492.6 483.7 485.4 467.2 476.0 503.9 487.8 487.6 460.1 452.0 459.4 4 Mining…………………………………………………………………………………………………………………… 619.9 666.5 587.9 618.3 656.3 617.2 673.8 706.9 683.5 601.9 472.4 455.4 411.2 5 Utilities………………………………………………………………………………………………………………… 392.5 417.8 378.1 395.7 390.5 405.5 436.0 416.3 406.5 412.3 408.1 385.9 395.6 6 Construction………………………………………………………………………………………………………… 1,128.3 1,204.0 1,090.8 1,114.7 1,146.4 1,161.4 1,178.5 1,194.3 1,206.3 1,237.1 1,252.6 1,317.3 1,345.1 7 Manufacturing……………………………………………………………………………………………………… 5,942.5 6,178.1 5,919.2 5,906.5 5,930.7 6,013.5 6,094.4 6,186.6 6,283.6 6,147.7 5,929.1 5,978.9 5,985.1 8 Durable goods…………………………………………………………………………………………………… 2,783.6 2,974.4 2,752.8 2,772.3 2,770.1 2,839.2 2,887.7 2,935.3 3,048.3 3,026.1 3,016.8 3,027.0 3,050.9 9 Nondurable goods……………………………………………………………………………………………… 3,158.9 3,203.7 3,166.4 3,134.2 3,160.7 3,174.3 3,206.7 3,251.3 3,235.3 3,121.6 2,912.3 2,952.0 2,934.2 10 Wholesale trade…………………………………………………………………………………………………… 1,495.0 1,576.8 1,471.0 1,460.3 1,502.2 1,546.7 1,533.6 1,569.6 1,592.5 1,611.6 1,580.2 1,588.4 1,567.8 11 Retail trade…………………………………………………………………………………………………………… 1,512.4 1,550.3 1,493.4 1,501.2 1,520.0 1,534.9 1,513.4 1,546.9 1,568.5 1,572.1 1,571.5 1,605.5 1,641.2 12 Transportation and warehousing…………………………………………………………………………… 1,006.6 1,069.0 992.7 1,000.2 1,008.3 1,025.1 1,041.6 1,063.0 1,076.4 1,095.0 1,071.9 1,066.3 1,080.1 13 Information…………………………………………………………………………………………………………… 1,426.1 1,510.8 1,395.0 1,408.3 1,437.9 1,463.0 1,487.1 1,501.1 1,517.8 1,537.1 1,539.8 1,560.3 1,573.8 14 Finance, insurance, real estate, rental, and leasing……………………………………………… 5,020.4 5,298.9 4,920.3 4,996.0 5,035.3 5,130.2 5,190.9 5,268.7 5,335.7 5,400.2 5,471.1 5,543.0 5,552.0 15 Finance and insurance………………………………………………………………………………………… 2,080.1 2,181.7 2,044.3 2,074.8 2,070.3 2,131.1 2,146.1 2,176.4 2,189.7 2,214.5 2,257.0 2,296.8 2,268.6 16 Real estate and rental and leasing……………………………………………………………………… 2,940.3 3,117.2 2,875.9 2,921.2 2,965.0 2,999.2 3,044.8 3,092.3 3,146.0 3,185.7 3,214.1 3,246.3 3,283.3 17 Professional and business services………………………………………………………………………… 3,139.3 3,336.6 3,032.9 3,135.3 3,169.0 3,219.9 3,252.5 3,307.7 3,363.0 3,423.2 3,432.2 3,478.4 3,530.5 18 Professional, scientific, and technical services…………………………………………………… 1,804.2 1,898.8 1,759.2 1,798.9 1,815.8 1,842.7 1,837.7 1,883.6 1,925.5 1,948.5 1,944.5 1,965.6 1,994.8 19 Management of companies and enterprises……………………………………………………… 559.0 598.4 533.0 561.3 568.3 573.3 590.8 589.7 600.2 612.9 616.2 623.3 633.8 20 Administrative and waste management services………………………………………………… 776.1 839.4 740.7 775.1 784.8 803.9 824.0 834.4 837.4 861.8 871.5 889.5 902.0 21 Educational services, health care, and social assistance………………………………………… 2,301.3 2,407.0 2,264.6 2,290.2 2,308.9 2,341.4 2,337.0 2,384.5 2,430.9 2,475.7 2,509.3 2,543.8 2,596.5 22 Educational services…………………………………………………………………………………………… 307.8 319.9 303.0 307.0 309.0 312.1 315.1 318.6 320.6 325.3 327.7 331.3 332.7 23 Health care and social assistance……………………………………………………………………… 1,993.5 2,087.1 1,961.6 1,983.2 1,999.9 2,029.3 2,021.9 2,065.9 2,110.3 2,150.4 2,181.5 2,212.5 2,263.8 24 Arts, entertainment, recreation, accommodation, and food services…………………… 1,118.6 1,186.8 1,108.2 1,104.5 1,119.0 1,142.6 1,148.6 1,176.7 1,200.1 1,221.7 1,240.2 1,267.5 1,277.2 25 Arts, entertainment, and recreation…………………………………………………………………… 279.9 294.1 275.8 273.2 280.6 289.9 291.7 290.7 296.5 297.6 303.0 309.4 310.6 26 Accommodation and food services…………………………………………………………………… 838.7 892.7 832.4 831.2 838.4 852.7 857.0 886.0 903.6 924.1 937.2 958.1 966.6 27 Other services, except government……………………………………………………………………… 602.1 641.5 587.3 603.2 603.1 614.6 619.5 637.3 648.3 661.1 655.0 676.7 671.5 28 Government………………………………………………………………………………………………………… 3,384.5 3,438.2 3,388.1 3,381.5 3,380.6 3,387.8 3,409.5 3,430.1 3,463.8 3,449.4 3,450.7 3,472.2 3,491.7 29 Federal………………………………………………………………………………………………………………… 1,098.4 1,094.2 1,117.9 1,104.5 1,088.9 1,082.4 1,088.4 1,090.4 1,107.5 1,090.5 1,096.7 1,100.6 1,103.1 30 State and local……………………………………………………………………………………………………… 2,286.1 2,344.0 2,270.2 2,277.0 2,291.8 2,305.4 2,321.1 2,339.6 2,356.2 2,358.9 2,354.0 2,371.6 2,388.6 Addenda: Private goods‐producing industries1 ……………………………………………………………………… 8,173.0 8,537.5 8,090.5 8,123.2 8,218.8 8,259.3 8,422.7 8,591.7 8,661.2 8,474.2 8,114.2 8,203.7 8,200.8 2 32 Private services‐producing industries ……………………………………………………………………18,014.1 18,995.4 17,643.5 17,894.9 18,094.0 18,424.0 18,560.1 18,872.0 19,139.6 19,410.0 19,479.3 19,715.8 19,886.2 31 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 -