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THURSDAY April 27, 2006 SERVICES AND GOODS SECTORS STRONG IN 2005 Advance Estimates of Gross Domestic Product (GDP) by Industry In 2005, both the services-producing and goods-producing sectors continued their expansion, although each sector experienced a slowdown from its pace of growth in 2004. Annual Percent Changes in Real Value Added 5.0 Real growth in the services sector slowed to 4.1 percent in 2005 due primarily to slower growth in information and real estate and rental and leasing. Manufacturing increased 4.0 percent in 2005 and accounted for over 90 percent of the 2.6 percent growth in the goods sector. Information-communications-technologyproducing industries comprised less than 4 percent of GDP and accounted for nearly 13 percent of real GDP growth. 4.0 Percent 3.0 2.0 1.0 0.0 1995-2000 GDP 2002 2003 Services-producing sector 2004 2005 Goods-producing sector Price growth in both the goods-producing and services-producing sectors accelerated slightly in 2005 as valueadded prices increased in 19 of 22 industry groups. Annual Percent Changes in Chain-type Price Indexes for Value Added 4.0 Prices in the services sector rose 2.6 percent in 2005, led by growth of 5.0 percent in the transportation and warehousing industry group. Value-added price growth for the goods sector was above 3 percent for the third consecutive year reflecting continued strong price growth in mining. 3.0 Percent 2.0 1.0 0.0 Manufacturing prices increased for the first time since 1995 due, in part, to accelerations in petroleumrelated products. -1.0 1995-2000 GDP 2002 2003 Services-producing sector 2004 2005 Goods-producing sector BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE. The advance estimates of GDP by industry are published for broad industry groups on the 1997 North American Industry Classification System and are prepared using a methodology that differs from the methodology used to prepare the integrated annual industry accounts. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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