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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, WEDNESDAY, MARCH 15, 2017 Technical: Media: Sarah Osborne (TTSA) Seth Markowitz Jeannine Aversa (301) 278-9459 (301) 278-9486 (301) 278-9003 BEA 17-10 travelandtourism@bea.gov Jeannine.Aversa@bea.gov Travel and Tourism Satellite Account: Fourth Quarter and Annual 2016 Travel and Tourism Spending Turned Down in the Fourth Quarter Real spending (output) on travel and tourism turned down in the fourth quarter of 2016, decreasing at an annual rate of 3.3 percent after increasing 3.7 percent (revised) in the third quarter according to new statistics released by the Bureau of Economic Analysis. In contrast, real gross domestic product (GDP) increased 1.9 percent in the fourth quarter after increasing 3.5 percent in the third. For the year, travel and tourism grew 2.3 percent, a deceleration from the 4.7 percent growth in 2015. The leading contributors to the fourth-quarter downturn in travel and tourism were “Passenger air transportation” and “Traveler accommodations.” “Passenger air transportation” decreased 15.1 percent after increasing 2.0 percent (revised) in the previous quarter. “Traveler accommodations” decreased 5.9 percent after increasing 8.3 percent (revised) in the third quarter. Tourism Prices – Prices for travel and tourism goods and services accelerated in the fourth quarter of 2016, increasing 9.1 percent following an increase of less than 0.01 percent (revised) in the third quarter. The acceleration was attributable to the upturn in price growth for “All other transportationrelated commodities,” which increased 16.2 percent in the fourth quarter after declining 2.4 percent in the third. Prices for “Passenger air transportation” also contributed to the acceleration, increasing 17.8 percent in the fourth after increasing 0.2 percent previously. For 2016, prices for travel and tourism goods and services grew 1.5, an upturn from a 3.1 percent decline in 2015. Tourism Employment – Employment in the travel and tourism industries decelerated in the fourth quarter, increasing 0.7 percent after increasing 1.6 percent (revised) in the third quarter. “Traveler accommodations" was the most significant contributor to the deceleration, subtracting 2,300 jobs in the fourth quarter. “Food services and drinking places” was the second largest contributor to the deceleration, adding 8,700 jobs in the fourth quarter, after adding 11,400 jobs in the third. -2- Total Tourism-Related Output was $1.7 trillion in the fourth quarter of 2016. It consisted of $955.2 billion (58 percent) of direct tourism spending and $705.4 billion (42 percent) of indirect tourism-related spending. Total Tourism-Related Employment was 7.7 million jobs in the fourth quarter of 2016, and consisted of 5.4 million (70 percent) direct tourism jobs and 2.3 million (30 percent) indirect tourism-related jobs. These statistics are from BEA’s Travel and Tourism Satellite Accounts (TTSAs), which are supported by funding from the Office of Travel and Tourism Industries, International Trade Administration, U.S. Department of Commerce. The current-price statistics of direct tourism output were derived from BEA’s annual TTSAs and from current-price quarterly statistics of personal consumption expenditures from the National Income and Product Accounts (NIPAs). The real statistics of direct tourism output were developed using price indexes from the Bureau of Labor Statistics (BLS) and real quarterly statistics of personal consumption expenditures from the NIPAs. The statistics of direct tourism employment were derived from the annual TTSAs from BEA, the Quarterly Census of Employment and Wages (QCEW), and Current Employment Statistics (CES) from BLS. * * * Next release: June 26, 2017 at 8:30 A.M. EDT Travel and Tourism statistics: First Quarter, 2017 -3- Additional Information Resources Additional resources available at www.bea.gov: • • • • • • 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). Stay informed about BEA developments by signing up for our email subscription service, following us on Twitter @BEA_News, or reading our blog at blog.bea.gov For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business The time series of detailed annual statistics for 1998 through 2015 are available at Travel and Tourism Data BEA's news release schedule Access BEA data by registering for BEA’s Data Application Programming Interface (API) Industry Concepts and Methods: Concepts and Methods of the U.S. Input-Output Accounts 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.” Real values are inflation-adjusted estimates—that is, estimates that exclude the effects of price changes. Statistical conventions Definitions Seasonal adjustment and annual rates Monthly and quarterly values are expressed at seasonally-adjusted annual rates (SAAR). Dollar changes are calculated as the difference between these SAAR values. For details, see the FAQ “Why does BEA publish estimates at annual rates?” Tourism spending Total tourism-related spending consists of direct tourism output and indirect tourism output. Direct tourism output comprises all domestically produced goods and services purchased by travelers (for example, traveler accommodations and passenger air transportation). Indirect tourism output comprises all output required to support the production of direct tourism output (for example, toiletries for hotel guests and fuel for airplanes). 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 current dollar 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. Tourism employment Total tourism-related employment consists of direct tourism employment plus indirect tourism employment. Direct tourism employment comprises all jobs where the workers are engaged in the production of direct tourism output (for example, hotel staff and airlines pilots). Indirect tourism employment comprises all jobs where the workers are engaged in the production of indirect tourism output (for example, workers producing hotel toiletries and delivering fuel to airlines). 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 reflect differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. 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. -4- List of News Release Tables Table 1.a. Percent Change in Real Tourism Output Table 1.b. Real Tourism Output Table 1.c. Percent Changes in Chain-Type Price Indexes for Direct Tourism Output Table 1.d. Chain-Type Price Indexes for Direct Tourism Output Table 2. Direct Tourism Output Table 3. Total Tourism-Related Output Table 4. Percent Change in Direct Tourism Employment Table 5. Direct Tourism Employment Table 6. Total Tourism-Related Employment -5- Table 1.a. Percent Change in Real Tourism Output [Percent change from preceding period] Tourism Goods and Services Group Seasonally adjusted at annual rates 2014 2015 2016 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV All tourism goods and services 2.8 4.7 2.3 -0.5 2.9 3.1 5.5 2.0 8.2 4.5 1.5 1.2 4.5 3.7 -3.3 Traveler accommodations 1.4 5.2 3.0 -3.8 -3.6 7.2 -0.9 6.0 15.6 5.3 -3.6 -3.7 13.6 8.3 -5.9 Transportation 2.9 2.1 5.9 3.7 7.8 3.1 8.8 8.5 0.8 1.0 4.2 3.6 -6.8 Passenger air transportation 2.6 6.7 3.8 -0.6 13.3 -2.8 -0.8 3.8 16.2 13.6 13.0 -7.1 5.6 2.0 -15.1 All other transportation-related commodities 5.0 5.1 2.0 3.8 1.7 8.0 13.6 2.6 4.1 5.2 -6.9 7.1 2.4 4.6 -0.9 Food services and drinking places Recreation, entertainment, and shopping 4.2 5.7 3.2 4.2 3.1 -1.2 6.8 4.3 7.9 1.1 5.7 0.7 5.5 4.6 1.3 0.9 2.1 -2.4 0.1 -1.5 4.9 -2.4 3.2 -0.3 4.4 2.9 1.4 1.9 2.7 Recreation and entertainment 1.3 0.0 1.1 -0.5 4.2 -2.1 3.6 -4.3 2.9 -4.9 9.0 3.1 -5.2 1.1 5.0 1.4 1.2 0.7 Shopping 1.3 1.7 3.1 -3.9 -2.9 -1.1 6.0 -1.0 3.4 3.4 1.2 3.2 6.8 -0.5 3.9 Source: U.S. Bureau of Economic Analysis Table 1.b. Real Tourism Output [Millions of chained (2009) dollars] Tourism Goods and Services Group Seasonally adjusted at annual rates 2014 2015 2016 All tourism goods and services 780,518 817,436 835,973 Traveler accommodations 148,474 156,181 Transportation 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 770,790 776,236 782,235 792,765 796,716 812,614 821,617 824,662 827,025 836,135 843,837 836,894 160,801 148,293 146,942 149,505 149,156 151,354 156,925 158,955 157,489 155,996 161,051 164,309 161,846 319,314 337,388 347,028 312,770 317,306 320,211 326,301 328,800 335,840 342,763 343,453 344,268 347,935 351,013 344,895 Passenger air transportation 117,400 125,212 130,026 115,143 118,795 117,945 117,716 118,816 123,359 127,355 131,318 128,921 131,720 132,381 127,082 All other transportation-related commodities 201,914 212,307 216,616 197,745 198,564 202,403 208,944 210,310 212,429 215,142 211,348 214,991 215,678 218,142 217,651 Food services and drinking places 116,349 121,224 124,938 113,760 115,638 116,875 119,121 119,460 121,121 121,337 122,978 124,359 124,766 125,201 125,425 Recreation, entertainment, and shopping 195,870 197,706 201,826 195,583 195,652 194,905 197,272 196,053 197,586 197,446 199,602 201,016 201,011 201,970 203,310 85,276 85,276 86,247 84,648 85,532 85,088 85,836 84,900 85,508 84,432 86,264 86,933 85,227 86,281 86,547 112,430 115,868 110,945 110,141 109,835 111,455 111,186 112,111 113,041 113,380 114,270 116,138 115,979 117,086 Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 110,594 Table 1.c. Percent Changes in Chain-Type Price Indexes for Direct Tourism Output [Percent change from preceding period] Tourism Goods and Services Group All tourism goods and services Traveler accommodations Transportation Seasonally adjusted at annual rates 2014 1.6 2015 -3.1 2016 1.5 4.4 3.1 -2.5 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 1.5 8.0 0.7 -10.1 -7.9 1.7 0.5 -1.3 3.1 1.4 0.0 9.1 13.2 11.1 1.0 7.9 6.7 -7.6 2.7 6.5 5.4 -3.5 -0.8 10.6 -9.6 7.7 -24.2 3.2 2.4 -4.3 -12.1 -4.4 7.2 3.4 -0.7 -6.0 -10.9 -7.6 -6.0 5.2 -7.4 0.2 17.8 -0.9 -13.0 14.3 -0.7 8.1 -4.4 -23.8 -34.2 14.1 -0.7 -9.1 3.4 12.0 -2.4 16.2 Food services and drinking places 2.4 2.8 -3.2 1.9 2.9 3.0 3.6 2.6 2.5 2.3 2.3 2.6 2.7 2.3 1.9 Recreation, entertainment, and shopping 1.3 0.8 3.1 -0.1 9.5 2.9 -19.8 7.6 6.9 4.6 2.0 -0.3 0.9 1.5 0.3 1.4 0.6 1.1 2.1 1.7 0.8 -2.2 0.4 3.0 1.0 0.8 6.1 2.3 2.0 0.6 1.4 0.5 2.6 -1.8 15.8 4.6 -31.2 13.6 10.0 7.3 2.9 -5.1 -0.1 -4.5 0.0 Passenger air transportation All other transportation-related commodities Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 0.4 2014:I -2.1 7.7 -1.5 -15.6 -3.5 -7.8 4.2 3.6 -1.3 16.8 Table 1.d. Chain-Type Price Indexes for Direct Tourism Output [Index numbers, 2009=100] Tourism Goods and Services Group 2014 2015 2016 2014:I 2014:II 2014:III 2014:IV Seasonally adjusted at annual rates 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV All tourism goods and services 114.0 110.5 112.2 113.1 115.3 115.5 112.5 110.2 110.7 110.8 110.5 111.3 111.7 111.7 114.1 Traveler accommodations 109.3 112.7 109.9 106.5 109.4 109.6 111.7 113.6 111.3 112.1 113.9 115.3 114.3 114.1 117.0 Transportation 120.9 109.3 117.6 120.7 122.9 122.5 117.4 109.5 110.4 109.4 107.2 108.3 109.3 108.9 113.2 Passenger air transportation 125.3 120.0 105.5 123.2 125.4 126.4 126.2 124.3 120.7 118.4 116.6 118.1 115.8 115.9 120.7 All other transportation-related commodities 118.2 102.8 117.6 119.1 121.4 120.0 112.2 101.0 104.4 104.2 101.8 102.6 105.6 104.9 108.9 Food services and drinking places 111.7 114.8 111.1 110.4 111.2 112.1 113.1 113.8 114.5 115.1 115.8 116.5 117.3 118.0 118.5 Recreation, entertainment, and shopping 107.7 108.6 112.0 107.9 110.4 111.2 105.2 107.2 109.0 110.2 110.8 110.7 110.9 111.4 111.4 108.4 109.0 110.3 108.1 108.5 108.7 108.1 108.2 109.0 109.3 109.6 111.2 111.8 112.3 112.5 108.9 109.4 112.2 107.8 111.8 113.0 102.9 106.3 108.9 110.8 111.6 110.1 110.1 110.4 110.4 Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis -6- Table 2. Direct Tourism Output [Millions of dollars] Tourism Goods and Services Group Seasonally adjusted at annual rates 2014 2015 2016 All tourism goods and services 892,390 905,701 937,854 872,005 895,272 903,635 891,825 877,949 899,331 910,347 910,852 920,191 933,852 942,456 Percent change at annual rate 4.47 1.49 3.55 0.98 11.11 3.79 -5.13 -6.08 10.10 4.99 0.22 4.16 6.07 3.74 5.52 Traveler accommodations 162,304 176,032 185,232 157,980 160,690 163,913 166,660 171,879 174,720 178,166 179,307 179,931 184,126 187,492 189,381 Transportation 390,539 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 387,501 370,394 381,484 377,366 390,018 392,085 382,956 360,097 370,689 374,956 368,157 372,866 380,237 382,291 Passenger air transportation 148,906 152,062 152,889 141,885 148,948 149,121 148,586 147,659 148,944 150,746 153,078 152,216 152,550 153,379 All other transportation-related commodities 2016:IV 955,202 153,410 238,595 218,332 228,595 235,481 241,070 242,964 234,370 212,438 221,745 224,211 215,079 220,650 227,690 228,912 237,129 Food services and drinking places 129,943 139,147 146,904 125,614 128,611 130,961 134,661 135,906 138,650 139,683 142,385 144,916 146,357 147,699 148,644 Recreation, entertainment, and shopping 212,641 220,128 224,234 211,045 215,953 216,676 207,548 210,067 215,272 217,541 221,002 222,478 223,133 224,974 226,638 Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 92,223 97,157 96,559 91,488 92,825 92,522 92,812 91,894 93,234 92,301 94,500 96,645 95,286 96,936 97,369 120,419 122,971 127,747 119,557 123,128 124,154 114,737 118,173 122,038 125,240 126,503 125,833 127,847 128,039 129,269 Table 3. Total Tourism-Related Output [Millions of dollars] Tourism Goods and Services Group All tourism goods and services Seasonally adjusted at annual rates 2014 2015 2016 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 1,534,473 1,558,763 1,632,392 1,504,526 1,533,970 1,548,158 1,551,238 1,552,991 1,530,476 1,545,990 1,587,357 1,603,465 1,625,476 1,640,072 1,660,555 4.43 1.58 4.72 1.95 8.06 3.75 0.80 0.45 -5.67 4.12 11.14 4.12 5.60 3.64 5.09 Traveler accommodations 256,571 279,903 291,295 243,819 249,079 254,349 259,206 263,651 279,263 274,530 281,977 282,959 289,555 294,848 297,819 Transportation Percent change at annual rate 599,596 593,773 601,351 612,241 615,529 627,611 634,748 604,724 614,183 620,462 624,837 640,557 642,594 631,004 598,790 Passenger air transportation 259,470 270,798 270,446 252,960 253,419 261,002 261,075 262,383 266,857 273,055 270,781 269,256 269,846 271,314 271,368 All other transportation-related commodities 375,278 333,925 346,680 367,502 371,418 379,555 381,519 368,621 334,456 329,892 326,363 335,228 345,343 347,180 358,969 Food services and drinking places 237,564 253,600 259,982 229,186 229,464 235,567 239,495 245,729 256,396 244,545 251,985 256,463 259,014 261,389 263,061 Recreation, entertainment, and shopping 405,590 420,537 426,359 403,805 401,146 403,497 406,864 410,854 420,746 412,840 420,214 422,761 424,237 427,625 430,813 158,893 167,267 170,415 156,921 156,109 157,200 159,689 162,576 167,773 162,526 166,803 170,594 168,141 171,091 171,833 246,697 253,270 255,799 246,884 245,037 246,297 247,174 248,279 252,722 250,478 253,308 251,967 256,000 256,383 258,846 Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis Table 4. Percent Change in Direct Tourism Employment [Percent change from preceding period] Tourism Industry Group Seasonally adjusted at annual rates 2014 2015 2016 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV All tourism industries 0.0 -0.4 0.6 -2.1 -0.6 -1.9 -0.4 0.3 -1.2 0.3 0.6 0.4 1.3 1.6 0.7 Traveler accommodations 1.9 0.0 0.4 2.4 2.1 -0.6 0.8 -0.2 -0.7 -0.3 1.0 0.5 -0.1 1.5 -0.7 Transportation 0.7 0.1 -1.4 -0.3 1.3 0.7 -1.9 -0.1 -7.5 0.7 -5.8 2.3 1.3 0.3 0.0 1.3 0.6 2.3 -1.9 -0.9 -0.5 0.9 1.6 0.6 1.1 3.0 1.3 0.5 All other transportation-related industries Food services and drinking places 0.4 0.2 -3.1 -13.2 -0.3 -2.0 0.3 12.0 -12.3 0.1 -0.8 -9.9 1.9 1.2 0.2 -0.8 -0.9 2.0 -0.5 -1.3 -2.1 -1.0 -1.5 -1.3 0.6 2.7 3.0 1.4 2.8 2.1 Recreation, entertainment, and shopping -2.2 -0.8 1.6 -3.9 -3.3 -3.0 -0.9 -1.0 -0.2 0.8 1.9 3.2 2.2 0.3 0.7 -4.4 -1.1 2.0 -4.7 -4.2 -3.6 -0.8 -1.8 -0.4 1.5 3.1 3.4 3.4 -0.2 1.3 0.3 -0.6 1.2 -3.1 -2.4 -2.4 -1.1 -0.2 0.0 0.2 0.7 3.1 1.0 1.0 0.2 -0.7 -0.5 0.9 -3.9 -2.5 -1.4 -0.4 -0.6 -0.1 0.4 1.1 1.4 0.5 0.7 1.5 Air transportation services Recreation and entertainment Shopping All other industries Source: U.S. Bureau of Economic Analysis -8.2 7.1 Table 5. Direct Tourism Employment [Thousands] Tourism Industry Group Seasonally adjusted at annual rates 2014 2015 2016 2014:I All tourism industries 5,374.1 5,352.0 5,385.3 5,394.7 5,386.5 5,360.4 5,354.4 5,359.0 5,342.8 5,346.8 5,355.4 5,360.1 5,377.7 5,399.1 5,409.1 Traveler accommodations 1,383.4 1,384.0 1,389.1 1,378.1 1,385.1 1,382.9 1,385.8 1,385.3 1,383.0 1,382.1 1,385.6 1,387.1 1,386.8 1,392.0 1,389.7 Transportation 1,186.7 1,188.0 1,171.7 1,188.5 1,190.5 1,184.7 1,184.3 1,204.7 1,181.4 1,183.4 1,182.5 1,165.1 1,171.7 1,175.4 1,176.4 455.0 455.0 461.1 454.4 457.0 454.8 453.8 453.2 454.2 456.0 456.6 457.9 461.2 462.7 Air transportation services 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 463.3 731.7 733.0 710.5 734.1 733.6 729.9 730.5 751.5 727.2 727.4 725.9 707.2 710.4 712.6 713.0 1,641.0 1,626.0 1,658.6 1,650.5 1,644.9 1,636.3 1,632.3 1,626.0 1,620.8 1,623.3 1,634.0 1,646.1 1,651.9 1,663.3 1,672.0 951.0 943.0 958.3 961.2 953.2 945.9 943.7 941.3 940.8 942.8 947.1 954.7 959.9 960.7 962.5 Recreation and entertainment 479.2 474.0 483.7 485.4 480.1 475.7 474.8 472.6 472.1 473.9 477.5 481.5 485.5 485.2 486.7 Shopping 471.8 469.0 474.7 475.9 473.0 470.2 468.9 468.7 468.7 468.9 469.7 473.2 474.4 475.5 475.8 212.1 211.0 212.8 213.4 212.1 211.4 211.1 210.8 210.7 211.0 211.5 212.3 212.5 212.9 213.7 All other transportation-related industries Food services and drinking places Recreation, entertainment, and shopping All other industries Source: U.S. Bureau of Economic Analysis -7- Table 6. Total Tourism-Related Employment [Thousands] Tourism Industry Group Seasonally adjusted at annual rates 2014 2015 2016 7,891.1 7,596.0 7,651.6 7,648 7,641 7,606 7,601 7,619 7,575 7,583 7,607 7,617 7,643 7,672 2.55 -3.74 0.73 -2.44 -0.35 -1.81 -0.27 0.96 -2.31 0.46 1.25 0.52 1.38 1.53 0.57 Traveler accommodations 1,969.6 1,990.8 1,998.2 1,982.4 1,992.5 1,989.3 1,993.5 1,993 1,989 1,988 1,993 1,995 1,995 2,002 1,999 Transportation 1,885.2 1,987.7 1,970.8 1,988.2 1,992.4 1,982.6 1,981.6 2,012 1,977 1,981 1,980 1,960 1,971 1,977 1,979 869.5 889.1 900.9 887.9 892.9 888.7 886.8 886 888 891 892 895 901 904 905 1,015.6 1,098.6 1,068.9 1,100.3 1,099.5 1,093.9 1,094.8 1,126 1,090 1,090 1,088 1,064 1,069 1,072 1,072 Food services and drinking places 1,954.8 Recreation, entertainment, and shopping All tourism industries Percent change at annual rate Air transportation services All other transportation-related industries 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 7,683 1,816.4 1,852.9 1,843.8 1,837.5 1,827.9 1,823.5 1,816 1,811 1,813 1,825 1,839 1,845 1,858 1,868 1,471.0 1,463.5 1,487.0 1,491.8 1,479.2 1,468.0 1,464.6 1,461 1,460 1,463 1,470 1,481 1,489 1,492 1,493 Recreation and entertainment 739.6 739.1 754.7 756.8 748.7 741.8 740.4 737 736 739 745 751 758 758 759 Shopping 731.4 724.3 732.3 735.0 730.5 726.2 724.2 724 724 724 725 730 732 734 734 349.3 337.6 340.5 341.5 339.3 338.2 337.8 337 337 338 338 340 340 341 342 All other industries Source: U.S. Bureau of Economic Analysis -8-
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