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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, MONDAY, JUNE 26, 2017 BEA 17-29 Technical: Sarah Osborne Seth Markowitz (301) 278-9459 (301) 278-9486 TravelandTourism@bea.gov Media: Jeannine Aversa (301) 278-9003 Jeannine.Aversa@bea.gov Travel and Tourism Spending Turned Up in the First Quarter Travel and Tourism Satellite Account: First Quarter 2017 Real spending (output) on travel and tourism turned up in the first quarter of 2017, increasing at an annual rate of 0.4 percent after decreasing 2.7 percent (revised) in the fourth quarter of 2016, according to new statistics released by the Bureau of Economic Analysis. In contrast, real gross domestic product (GDP) for the nation decelerated, increasing 1.2 percent in the first quarter (second estimate) after increasing 2.1 percent in the fourth quarter of 2016. The leading contributors to the upturn in real spending were traveler accommodations and passenger air transportation. Traveler accommodations turned up, increasing 5.3 percent after decreasing 5.9 percent (revised) in the fourth quarter of 2016. The upturn also reflects a smaller decline in passenger air transportation, which decreased 6.0 percent in the first quarter after declining 14.4 percent (revised) in the fourth quarter. -1- Tourism Prices. Prices for travel and tourism goods and services decelerated in the first quarter of 2017, increasing 3.2 percent following an increase of 9.4 percent (revised) in the fourth quarter of 2016. The deceleration was attributable to prices for traveler accommodations, all other transportation-related goods and services, and passenger air transportation. Prices for traveler accommodations turned down, decreasing 2.1 percent after increasing 10.6 percent (revised) in the fourth quarter of 2016. Prices for all other transportation-related goods and services, which includes gasoline, increased 7.0 percent in the first quarter after increasing 16.8 percent (revised) in the previous quarter. Prices for passenger air transportation decelerated, increasing 6.3 percent in the first quarter after increasing 17.8 percent (revised). Tourism Employment. Employment in the travel and tourism industries decelerated, increasing 1.3 percent in the first quarter of 2017 after increasing 3.7 percent (revised) in the fourth quarter of 2016. In contrast, overall U.S. employment increased 1.5 percent in the first quarter after increasing 1.4 percent in the fourth quarter. Food services and drinking places was the leading contributor to the growth, adding approximately 8,300 employees in the first quarter. Transportation was also a significant contributor. Transportation comprises all other transportation-related industries and air transportation services, which added 2,600 and 2,500 employees, respectively. -2- Total Tourism-Related Output was $1.6 trillion in the first quarter of 2017, comprising $919.0 billion (58 percent) of direct tourism spending and $662.6 billion (42 percent) of indirect tourism-related spending. Total Tourism-Related Employment was 7.8 million jobs in the first quarter of 2017, comprising 5.5 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 – September 13, 2017 at 8:30 A.M. EDT for: Travel and Tourism statistics: Second 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 2016 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 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?” Definitions 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 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. 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 reflects 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 All tourism goods and services Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis Seasonally adjusted at annual rates 2014 2.8 2015 3.7 2016 2.3 2014:I 3.0 2014:II 2.0 2014:III 3.3 2014:IV 4.4 2015:I 3.7 2015:II 5.6 2015:III 3.5 2015:IV -0.1 2016:I 1.5 2016:II 4.6 2016:III 3.8 2016:IV -2.7 2017:I 0.4 4.1 3.4 2.5 4.0 3.7 0.3 -2.6 2.5 3.6 6.1 6.0 6.1 2.7 0.4 3.9 -2.3 2.7 2.8 2.5 3.0 2.2 1.1 2.1 0.4 8.9 2.6 4.8 1.2 7.4 -2.7 -8.0 1.5 0.2 2.3 2.2 2.3 12.7 -2.2 -8.8 3.0 4.9 2.1 -5.6 7.4 6.3 2.5 7.1 -0.8 -1.7 8.8 2.1 13.3 5.9 0.6 3.1 -1.2 4.1 7.4 13.0 3.7 -2.0 0.2 6.9 -4.6 11.9 7.6 10.8 5.4 2.7 -1.0 2.5 -3.6 3.0 7.5 10.2 5.6 -0.9 -0.5 0.1 -0.9 -4.7 -1.8 -3.1 -0.8 4.0 4.7 14.3 -2.4 -3.8 3.9 1.6 5.6 3.5 1.0 0.0 1.8 13.6 4.2 9.0 0.9 1.3 0.1 -7.4 6.7 8.3 3.5 1.7 4.8 1.4 2.0 5.2 -0.6 -5.9 -5.8 -14.4 0.8 0.8 3.5 3.0 3.9 5.3 -4.1 -6.0 -2.7 2.8 2.8 3.9 1.9 Seasonally adjusted at annual rates 2015:I 2015:II 2015:III 2015:IV 2016:I 784,615 795,444 802,233 802,127 805,175 2016:II 814,329 2016:III 821,976 2016:IV 816,355 2017:I 817,209 153,307 334,901 126,588 208,377 102,820 191,948 84,282 107,377 155,481 349,094 132,539 216,547 105,204 193,947 87,700 105,988 160,520 352,711 135,423 217,007 105,548 194,014 86,020 107,721 163,767 355,754 135,998 219,566 105,917 194,968 87,123 107,573 161,312 350,487 130,808 220,006 106,137 196,638 87,767 108,597 163,401 346,888 128,803 218,515 106,862 197,985 88,599 109,110 Seasonally adjusted at annual rates 2015:I 2015:II 2015:III 2015:IV 2016:I -9.4 0.0 -0.5 -1.1 -4.3 2016:II 1.3 2016:III Table 1.b. Real Tourism Output [Millions of chained (2009) dollars] Tourism Goods and Services Group 2014 2015 2016 All tourism goods and services 768,571 797,313 815,447 Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 151,329 320,967 121,554 199,510 100,735 194,053 81,869 112,316 156,709 340,488 128,830 211,769 103,479 194,758 85,052 109,774 160,897 350,048 132,103 218,116 105,701 196,934 86,796 110,189 2014:I 759,354 2014:II 763,184 2014:III 769,309 2014:IV 777,553 150,514 318,672 123,249 195,462 97,387 191,428 82,748 108,376 150,596 320,457 123,911 196,586 100,340 190,376 80,863 109,188 152,420 322,109 122,128 200,119 101,876 191,557 82,268 108,975 151,788 328,970 122,773 206,484 103,335 191,860 82,895 108,656 157,691 341,106 129,868 211,155 103,518 191,482 84,810 106,394 158,858 347,294 133,071 214,036 103,277 191,264 84,826 106,161 156,979 345,753 132,013 213,609 104,302 193,475 87,704 105,516 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 Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 2014 1.4 2015 -3.3 2016 -0.5 2014:I 2.2 2014:II 4.0 2014:III -0.6 2014:IV -4.8 8.3 0.7 -4.3 4.0 1.8 0.7 2.6 -9.6 9.8 3.4 9.0 -0.1 2.9 1.1 1.9 -10.9 2.8 -3.9 1.3 -7.2 3.1 1.0 1.1 -13.7 5.8 -13.9 -3.9 -19.7 3.7 0.3 -0.3 -12.6 3.9 2.3 2.3 0.0 1.8 -1.2 2.4 1.5 1.8 1.3 -9.9 -5.3 -12.9 2.8 1.4 1.5 1.4 -3.9 -2.4 -5.0 2.5 1.7 1.7 1.6 -6- 3.4 -23.0 -8.1 -31.8 2.7 1.2 1.3 -7.1 -6.5 0.8 -9.8 9.1 2.6 2.9 3.6 4.9 3.2 -4.4 -7.4 -2.2 2.3 1.8 1.9 6.7 6.2 -7.0 -5.5 -8.0 2.4 1.6 1.0 9.5 5.3 -13.5 2.7 -23.5 2.6 0.8 1.4 11.1 -3.5 3.4 -7.5 12.1 2.7 1.0 2.4 15.9 2016:IV -0.1 9.4 2017:I 3.2 -0.8 -1.4 0.4 -2.7 2.3 1.5 1.9 15.7 10.6 17.2 17.8 16.8 1.9 0.4 0.8 0.1 -2.1 6.7 6.3 6.9 2.8 2.4 3.8 1.4 Table 1.d. Chain-Type Price Indexes for Direct Tourism Output [Index numbers, 2009=100] All tourism goods and services 113.5 109.8 109.3 113.6 114.8 114.6 113.2 Seasonally adjusted at annual rates 2015:II 2015:III 2015:IV 2016:I 108.8 110.4 110.4 110.3 110.0 Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 110.1 119.8 123.1 117.7 111.7 107.9 108.8 107.0 112.6 107.9 116.6 102.5 114.8 109.4 110.5 108.5 115.2 103.7 113.9 97.4 117.6 111.2 112.4 110.3 107.4 120.7 121.2 120.4 110.4 109.2 108.4 110.2 110.0 121.7 123.8 120.4 111.2 109.6 108.9 110.4 110.7 120.5 124.2 118.2 112.0 109.8 109.2 110.6 112.3 116.1 123.0 111.8 113.0 109.9 109.1 110.8 113.2 108.8 120.4 101.6 113.8 110.2 109.5 111.1 Tourism Goods and Services Group 2014 2015 2016 2014:I 2014:II 2014:III 2014:IV 2015:I 2016:II 109.1 2016:III 109.1 2016:IV 111.6 2017:I 112.5 115.4 102.1 114.3 94.6 116.6 112.2 111.6 112.9 114.4 102.9 112.1 97.3 117.4 112.4 112.3 112.9 114.2 102.5 112.2 96.7 118.0 112.9 112.8 113.2 117.1 106.7 116.9 100.5 118.6 113.0 113.0 113.2 116.4 108.5 118.7 102.2 119.4 113.6 114.1 113.6 Seasonally adjusted at annual rates 2015:I 2015:II 2015:III 2015:IV 2016:I 866,281 878,308 884,650 882,088 875,870 -6.08 5.67 2.92 -1.15 -2.79 2016:II 888,587 5.94 2016:III 896,766 3.73 2016:IV 910,768 6.39 2017:I 919,009 3.67 173,547 364,203 152,445 211,758 116,985 211,546 92,253 119,293 183,591 362,983 151,790 211,194 123,871 218,142 96,572 121,570 186,948 364,797 152,571 212,226 125,007 220,015 98,263 121,752 188,833 373,982 152,900 221,082 125,843 222,109 99,173 122,936 190,260 376,192 152,880 223,311 127,579 224,978 101,043 123,935 111.3 109.0 117.4 103.9 114.5 111.0 110.4 111.8 112.2 107.8 115.1 103.3 115.2 111.5 110.9 112.2 113.9 105.8 113.5 101.1 115.8 111.9 111.2 112.8 Table 2. Direct Tourism Output [Millions of dollars] Tourism Goods and Services Group 2014 All tourism goods and services Percent change at annual rate 892,390 4.47 2015 905,701 1.49 Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis 162,304 387,501 148,906 238,595 129,943 212,641 92,223 120,419 176,032 370,394 152,062 218,332 139,147 220,128 97,157 122,971 2016 937,854 3.55 2014:I 862,948 5.22 2014:II 875,770 6.08 2014:III 881,386 2.59 2014:IV 879,962 -0.64 185,232 381,484 152,889 228,595 146,904 224,234 96,559 127,747 161,646 384,714 149,362 235,352 107,476 209,112 89,662 119,450 165,575 390,093 153,445 236,648 111,539 208,562 88,024 120,538 168,726 388,199 151,735 236,465 114,111 210,350 89,810 120,540 170,416 381,933 151,005 230,928 116,791 210,821 90,437 120,384 175,533 371,701 152,423 219,278 118,534 212,540 93,645 118,895 178,222 374,238 153,205 221,033 118,944 213,246 94,103 119,143 178,793 365,890 149,848 216,042 120,823 216,582 97,547 119,035 179,409 356,281 151,465 204,816 122,651 217,529 97,874 119,655 Table 3. Total Tourism-Related Output [Millions of dollars] Tourism Goods and Services Group All tourism goods and services Percent change at annual rate Traveler accommodations Transportation Passenger air transportation All other transportation-related commodities Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping Source: U.S. Bureau of Economic Analysis Seasonally adjusted at annual rates 2014:I 2014:II 2014:III 2014:IV 2015:I 2015:II 2015:III 2015:IV 2016:I 2016:II 2016:III 2016:IV 2017:I 1,534,473 1,558,763 1,632,392 1,481,508 1,503,779 1,513,605 1,512,441 1,492,415 1,511,548 1,522,021 1,518,785 1,511,053 1,531,638 1,545,322 1,567,749 1,581,565 4.43 1.58 4.72 4.96 6.15 2.64 -0.31 -5.19 5.23 2.80 -0.85 -2.02 5.56 3.62 5.93 3.57 2014 256,571 634,748 259,470 375,278 237,564 405,590 158,893 246,697 2015 279,903 604,724 270,798 333,925 253,600 420,537 167,267 253,270 2016 291,295 614,183 270,446 346,680 259,982 426,359 170,415 255,799 255,530 630,217 260,266 369,951 196,490 399,272 154,560 244,712 261,742 639,558 267,380 372,178 203,917 398,562 151,621 246,941 266,722 636,591 264,400 372,191 208,619 401,673 154,729 246,944 -7- 269,394 627,102 263,127 363,974 213,520 402,425 155,801 246,624 274,344 600,852 265,638 335,214 213,874 403,346 158,955 244,391 277,483 612,406 265,599 346,807 216,706 404,953 161,379 243,574 281,734 616,566 266,961 349,605 217,455 406,267 162,184 244,083 282,636 603,260 261,112 342,148 220,891 411,998 168,137 243,862 283,610 589,381 263,930 325,452 224,232 413,830 168,698 245,132 290,221 599,496 264,495 335,001 226,463 415,459 166,403 249,055 295,527 602,473 265,857 336,616 228,539 418,784 169,356 249,428 298,508 616,437 266,430 350,008 230,069 422,735 170,882 251,854 300,764 619,534 266,396 353,138 233,242 428,026 174,127 253,899 Table 4. Percent Change in Direct Tourism Employment [Percent change from preceding period] Tourism Industry Group All tourism industries Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places Recreation, entertainment, and shopping Recreation and entertainment Shopping All other industries Source: U.S. Bureau of Economic Analysis Seasonally adjusted at annual rates 2014 2015 2016 2.2 1.5 1.8 2014:I -12.7 2.7 1.8 1.4 2.1 3.3 0.4 -1.5 2.6 1.9 1.6 3.4 3.2 3.6 1.2 -0.1 -2.3 2.3 1.4 0.8 3.7 3.2 4.0 2.1 0.9 0.8 1.1 0.3 1.0 -31.8 -10.0 -42.8 -19.3 5.9 17.2 -4.8 -3.6 2014:II -4.7 2014:III -3.4 2014:IV 0.8 2015:I 3.9 2015:II 3.0 2015:III 3.1 2015:IV 3.3 2016:I 2.4 2016:II 1.3 2016:III 3.0 2016:IV 3.7 2017:I 1.3 2.4 -13.4 -1.2 -20.9 -8.5 1.1 4.3 -2.3 -1.2 0.2 -8.8 -3.0 -12.8 -5.4 -0.1 0.6 -0.7 0.1 2.0 1.4 1.9 1.1 -0.4 0.0 -2.0 2.4 1.9 2.0 11.1 5.3 15.5 4.4 -1.0 -5.7 4.4 2.0 1.0 8.3 5.8 10.1 3.6 -0.4 -4.0 3.6 1.8 1.5 6.3 5.3 7.0 4.2 0.5 -1.4 2.4 1.5 2.4 4.5 3.5 5.3 4.9 1.5 1.7 0.7 1.0 1.5 3.1 4.9 1.8 3.3 1.8 1.8 1.8 1.2 -0.1 2.3 3.0 1.9 1.4 2.2 3.4 1.0 0.5 2.2 3.0 3.2 2.8 4.7 2.3 3.9 0.7 0.7 1.6 7.7 4.8 9.8 3.7 2.8 3.7 1.9 0.2 0.6 1.8 2.2 1.6 2.1 0.3 -0.4 1.1 1.4 Table 5. Direct Tourism Employment [Thousands] Tourism Industry Group 2014 2015 2016 All tourism industries 5,174.2 5,252.8 Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places 1,373.8 1,063.0 439.7 623.3 1,529.6 986.7 514.7 471.9 213.4 1,395.6 1,099.5 453.6 645.9 1,548.2 985.7 502.8 482.9 216.4 Recreation, entertainment, and shopping Recreation and entertainment Shopping All other industries Source: U.S. Bureau of Economic Analysis 5,346.0 2014:I 5,241.5 2014:II 5,178.3 2014:III 5,133.5 2014:IV 5,143.5 2015:I 5,193.0 1,406.3 1,140.0 468.3 671.8 1,580.3 994.7 506.6 488.1 217.1 1,373.3 1,103.4 441.9 661.5 1,566.5 984.7 511.0 473.7 213.6 1,381.6 1,064.5 440.5 624.0 1,531.9 987.4 516.4 471.0 213.0 1,382.3 1,040.2 437.2 603.0 1,510.7 987.3 517.1 470.2 213.1 1,389.1 1,043.9 439.2 604.7 1,509.1 987.4 514.5 472.9 214.0 1,395.8 1,071.8 444.9 626.8 1,525.4 985.0 507.0 478.0 215.1 Seasonally adjusted at annual rates 2015:II 2015:III 2015:IV 2016:I 5,231.7 5,271.4 5,314.9 5,346.5 1,399.3 1,093.4 451.3 642.1 1,539.0 984.0 501.8 482.2 216.1 1,404.4 1,110.2 457.1 653.1 1,554.9 985.1 500.1 485.0 216.9 1,412.7 1,122.6 461.0 661.5 1,573.7 988.7 502.2 486.5 217.4 2016:II 5,380.8 2016:III 5,421.3 2016:IV 5,470.1 2017:I 5,487.2 1,418.0 1,131.0 466.6 664.5 1,586.3 993.1 504.5 488.6 218.0 1,424.0 1,138.5 471.9 666.6 1,601.6 998.1 508.1 490.0 218.6 1,431.7 1,146.8 475.6 671.2 1,620.1 1,003.7 512.9 490.8 219.0 1,437.5 1,168.2 481.2 687.0 1,634.7 1,010.6 517.6 493.1 219.1 1,439.6 1,173.4 483.7 689.7 1,643.1 1,011.4 517.0 494.4 219.8 Table 6. Total Tourism-Related Employment [Thousands] Tourism Industry Group Seasonally adjusted at annual rates 2014 2015 2016 All tourism industries Percent change at annual rate 7,891.1 2.55 7,596.0 -3.74 7,651.6 0.73 2014:I 7,474.4 -6.75 Traveler accommodations Transportation Air transportation services All other transportation-related industries Food services and drinking places 1,969.6 1,885.2 869.5 1,015.6 1,954.8 1,471.0 739.6 731.4 349.3 1,990.8 1,987.7 889.1 1,098.6 1,816.4 1,463.5 739.1 724.4 337.6 1,998.2 1,970.8 901.0 1,068.9 1,852.9 1,487.0 754.7 732.3 340.5 1,954.5 1,765.0 844.4 920.7 1,866.1 1,537.1 808.0 729.1 351.7 Recreation, entertainment, and shopping Recreation and entertainment Shopping All other industries Source: U.S. Bureau of Economic Analysis 2014:II 7,403.1 -3.76 2014:III 7,349.4 -2.87 2014:IV 7,365.9 0.90 2015:I 7,430.1 3.53 2015:II 7,480.2 2.73 2015:III 7,532.6 2.83 2015:IV 7,591.0 3.14 2016:I 7,635.0 0.52 2016:II 7,682.6 1.38 2016:III 7,738.3 2.93 2016:IV 7,804.4 3.46 2017:I 7,828.1 1.22 1,965.8 1,713.0 841.8 871.3 1,825.0 1,548.8 826.6 722.2 350.5 1,966.6 1,679.5 835.4 844.1 1,799.7 1,553.0 833.3 719.8 350.5 1,976.2 1,686.8 839.3 847.5 1,797.7 1,553.2 829.0 724.2 352.0 1,985.9 1,728.5 850.2 878.3 1,817.1 1,544.9 811.3 733.6 353.7 1,990.9 1,761.6 862.3 899.3 1,833.4 1,539.2 798.4 740.8 355.2 1,998.2 1,787.6 873.4 914.1 1,852.3 1,537.9 792.2 745.7 356.5 2,010.0 1,806.1 881.0 925.1 1,874.7 1,542.8 794.4 748.4 357.5 2,017.7 1,820.8 891.6 929.2 1,889.8 1,548.4 797.3 751.0 358.5 2,026.1 1,833.7 901.7 932.0 1,907.9 1,555.3 802.5 752.8 359.5 2,037.1 1,846.6 908.8 937.8 1,930.0 1,564.6 810.5 754.0 360.1 2,045.4 1,878.0 919.5 958.5 1,947.4 1,573.3 816.1 757.2 360.3 2,048.3 1,886.5 924.4 962.1 1,957.3 1,574.4 814.9 759.5 361.6 -8-