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NEWS RELEASE EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, JANUARY 23, 2014 Technical: Carol Moylan Erich Strassner Dave Wasshausen Media: Jeannine Aversa (202) 606-9612 606-5307 606-9752 (202) 606-2649 BEA 14-02 Widespread Growth Across Industries in 2012 Revised Statistics of Gross Domestic Product by Industry for 1997-2012 With this release, the Bureau of Economic Analysis (BEA) has provided new and expanded detail on the industry sources of U.S. economic growth in 2012. These newly available data, which reflect the results of the 2014 comprehensive revision of the annual industry accounts, confirm the widespread growth in 2012. Overall, 20 of 22 industry groups contributed to the 2.8 percent increase in real GDP. Professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing were the leading contributors to growth. • • Professional, scientific, and technical services real value added—a measure of an industry’s contribution to GDP—increased 4.2 percent in 2012, continuing to reflect strong growth in computer systems design and related services. Real estate and rental and leasing increased 2.2 percent in 2012, the third consecutive year of positive real value added growth. Mining rose 14.0 percent in 2012, after increasing 9.9 percent in 2011, reflecting strong growth for oil and gas extraction. Annual Growth in Real GDP 3.7 4.0 2.5 3.0 2.4 2.8 2.6 1.8 2.0 Percent • 2.7 2.1 1.4 1.0 0.0 -1.0 -2.0 -3.0 -4.0 -2.8 -2.6 -5.0 -6.0 -5.4 2009 GDP 2010 Private services-producing sector Source: U.S. Bureau of Economic Analysis 2011 2012 Private goods-producing sector Prices: Value added prices modestly decelerated in 2012, increasing 1.7 percent after increasing 2.0 percent in 2011. Mining and agriculture, forestry, fishing, and hunting were the largest contributors to the deceleration in the GDP price index for 2012. Value added prices measure changes in an industry’s unit costs of capital and labor inputs and reflect the productivity of capital and labor used by the industry. • • • Value added prices for the goods-producing sector decelerated in 2012, increasing 1.8 percent after increasing 6.0 percent in 2011. In contrast, value added prices for the services-producing sector accelerated, increasing 2.2 percent after increasing 1.2 percent in 2011. Value added prices for mining turned down in 2012, decreasing 8.0 percent after increasing 11.8 percent in 2011. Value added prices for agriculture, forestry, fishing, and hunting decelerated in 2012, increasing 1.4 percent after increasing 28.5 percent in 2011. Annual Percent Changes in Value Added Price Indexes 6.0 6.0 5.0 4.0 3.0 Percent 2.0 1.0 2.4 1.9 1.2 0.8 2.0 1.0 1.2 2010 2011 1.7 2.2 1.8 0.0 -1.0 -2.0 -3.0 -4.0 -5.0 2009 -4.6 GDP Private services-producing sector 2012 Private goods-producing sector Source: U.S. Bureau of Economic Analysis Other highlights: • • • • • Real value added for manufacturing rose 1.9 percent in 2012, after increasing 0.7 percent in 2011. Real value added for information increased 4.4 percent in 2012, after increasing 2.2 percent in 2011. This is the industry’s strongest growth since 2008. Construction increased 4.0 percent, its first significant increase since 2004. Information-communications-technology producing industries accelerated in 2012, increasing 7.2 percent after increasing 4.7 percent in 2011. Manufacturing’s current-dollar share of GDP increased for the third consecutive year, to 12.5 percent, its highest share since 2007. Comprehensive Revision of the Annual Industry Accounts The estimates released today reflect the results of the comprehensive revision of the annual industry accounts for 1997-2012. The revision incorporates major changes in definitions, classifications, and statistical methods used to update the accounts to more accurately portray the evolving U.S. economy. Major changes introduced with this revision include: • • • • • Updated industry and commodity definitions consistent with the 2007 North American Industry Classification System (NAICS). The results of the 2007 benchmark input-output (I-O) accounts, that incorporate U.S. Census Bureau data on shipments, receipts, and business expenses from the 2007 Economic Census, Business Expenses Supplement, and Service Annual Survey (SAS). The results of the 2013 comprehensive revision of the national income and product accounts, including the recognition of research and development (R&D) expenditures as capital, the capitalization of entertainment, literary, and other artistic originals, the expansion of the capitalization of the ownership transfer costs of residential fixed assets, and the use of an improved accrual accounting treatment of transactions for defined benefit pension plans. The incorporation of newly available and revised annual source data (e.g., Census’s Annual Survey of Manufactures and the Department of Treasury’s Statistics of Income). Expanded use of both Census Bureau SAS data for measuring gross output and BLS producer price indexes (PPIs) to deflate both output and intermediate inputs. More detailed Annual Industry Accounts statistics are available on BEA’s interactive website www.bea.gov/itable/index.cfm. Additional information on this revision will be available in an article in the February 2014 issue of the Survey of Current Business. BEA’s national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are available without charge on BEA’s Web site at www.bea.gov. By visiting the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements. * * * Statistics of quarterly gross domestic product (GDP) by industry for 2005:Q1-2013:Q4 will be released on April 25, 2014 at 8:30 A.M. EDT. Table 1. Real Value Added by Industry Group [Percent change] Average Average annual rate annual rate of change, of change, 1997-2002 2002-2007 3.2 2.9 Gross domestic product…………………………………………………………………… 2008 -0.3 2009 -2.8 2010 2.5 2011 1.8 2012 2.8 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………………………………………………………… 3.4 2.8 0.5 -0.2 1.3 2.7 4.3 0.4 4.1 4.5 -0.8 6.7 4.9 8.3 3.0 3.5 4.1 2.2 2.9 2.6 1.9 2.6 2.6 1.4 3.0 -0.2 3.0 1.9 0.8 0.4 -0.1 4.4 6.2 2.3 4.7 1.6 4.8 6.3 2.7 2.2 3.0 2.8 2.8 -0.5 4.9 2.8 2.8 2.8 2.1 2.5 1.9 -0.6 -1.0 6.6 1.3 1.9 -8.5 -4.0 -1.4 -7.1 -1.1 -4.0 0.2 4.4 -3.6 -12.9 1.6 4.5 7.4 -0.3 0.9 5.4 4.3 5.6 -2.3 -0.5 -3.0 -3.6 -3.2 13.1 14.2 -6.5 -12.9 -7.8 -14.8 0.8 -12.8 -2.8 -8.0 -3.7 4.0 15.7 -1.4 -6.6 -6.1 -8.4 -6.5 2.2 4.8 1.8 -6.5 -3.3 -7.6 -5.2 2.4 1.9 -5.9 10.3 -5.0 6.8 12.4 1.1 3.2 2.2 5.7 4.0 1.6 -0.3 2.6 2.7 0.8 7.6 4.3 0.4 1.0 0.3 3.6 4.4 3.3 -1.8 1.9 -4.0 9.9 1.7 0.0 0.7 6.3 -5.1 1.5 1.2 3.4 2.2 1.1 -0.7 2.0 4.5 4.3 4.9 4.7 1.4 -0.1 1.6 4.4 4.2 4.5 -0.5 3.0 0.3 14.0 1.8 4.0 1.9 4.1 -0.5 2.6 1.3 1.1 4.4 2.2 2.3 2.2 4.6 4.2 8.1 3.7 2.5 1.0 2.7 2.7 2.3 2.8 1.9 Government……………………………………………………………………………………… Federal……………………………………………………………………………………………………… State and local…………………………………………………………………………………………… 1.4 0.2 2.0 0.9 1.2 0.8 1.8 2.7 1.4 0.5 3.0 -0.6 0.7 2.5 -0.2 -0.4 0.2 -0.6 -0.2 -1.0 0.2 Private goods-producing industries1……………………………………………………… 2.3 3.1 -3.9 -5.4 2.6 1.4 3.7 Private services-producing industries2…………………………………………………… 3.7 2.9 -0.1 -2.6 2.4 2.1 2.7 Information-communications-technology-producing industries3………… 12.9 11.0 7.1 -2.3 4.4 4.7 7.2 Addenda: 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. Source: U.S. Bureau of Economic Analysis Table 2. Contributions to Percent Change in Real GDP by Industry Group [Percentage points] Average Average contribution, contribution, 1997-2002 2002-2007 Gross domestic product1………………………………………………………………… 2008 2009 2010 2011 2012 3.2 2.9 -0.3 -2.8 2.5 1.8 2.8 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………………………………………………………… 2.94 0.02 0.01 0.00 0.05 0.43 0.40 0.02 0.25 0.30 -0.02 0.31 0.94 0.58 0.36 0.37 0.25 0.04 0.08 0.17 0.02 0.16 0.09 0.01 0.08 0.00 2.57 0.02 0.03 0.01 -0.01 0.58 0.45 0.13 0.27 0.11 0.14 0.30 0.54 0.16 0.38 0.31 0.18 -0.01 0.14 0.20 0.03 0.18 0.08 0.02 0.05 -0.02 -0.87 0.06 0.03 0.03 -0.42 -0.51 -0.10 -0.41 -0.07 -0.24 0.00 0.21 -0.72 -0.92 0.20 0.51 0.49 -0.01 0.03 0.40 0.04 0.36 -0.09 0.00 -0.08 -0.08 -2.78 0.12 0.35 -0.11 -0.57 -0.97 -1.01 0.04 -0.79 -0.16 -0.23 -0.18 0.75 0.93 -0.18 -0.79 -0.44 -0.15 -0.19 0.17 0.05 0.12 -0.24 -0.03 -0.21 -0.12 2.08 0.02 -0.13 0.18 -0.19 0.80 0.73 0.07 0.18 0.13 0.16 0.19 0.32 -0.02 0.34 0.31 0.06 0.13 0.12 0.04 0.01 0.02 0.13 0.04 0.09 -0.04 1.65 -0.05 0.23 0.03 0.00 0.09 0.40 -0.31 0.09 0.07 0.10 0.10 0.21 -0.05 0.26 0.52 0.29 0.09 0.14 0.12 0.00 0.12 0.16 0.04 0.12 -0.01 2.54 0.00 0.35 0.03 0.14 0.23 0.26 -0.03 0.15 0.08 0.03 0.21 0.43 0.15 0.28 0.54 0.29 0.15 0.11 0.20 0.01 0.19 0.10 0.02 0.07 0.04 Government……………………………………………………………………………………… Federal……………………………………………………………………………………………………… State and local………………………………………………………………………………………… 0.19 0.01 0.18 0.12 0.05 0.07 0.24 0.11 0.13 0.07 0.13 -0.05 0.10 0.11 -0.02 -0.05 0.01 -0.06 -0.02 -0.05 0.02 Private goods-producing industries2……………………………………………………… 0.52 0.62 -0.83 -1.07 0.49 0.27 0.73 Private services-producing industries3…………………………………………………… 2.42 1.94 -0.04 -1.70 1.59 1.38 1.81 Information-communications-technology-producing industries4………… 0.74 0.61 0.40 -0.14 0.26 0.27 0.41 Addenda: 1. The estimates of gross domestic product under the contributions columns are percent changes. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. 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. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. 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 Table 3. Chain-Type Price Indexes for Value Added by Industry Group [Percent change] Average Average annual rate annual rate of change, of change, 1997-2002 2002-2007 1.7 2.7 Gross domestic product…………………………………………………………………… 2008 1.9 2009 0.8 2010 1.2 2011 2.0 2012 1.7 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………………………………………………………… 1.5 -5.1 3.1 1.1 6.4 -1.5 -3.9 2.2 -1.0 0.2 4.4 0.1 1.8 -0.6 3.2 3.5 3.1 4.5 3.8 3.7 4.5 3.6 3.8 3.8 3.9 4.6 2.7 6.2 21.7 5.1 7.8 0.3 -1.8 2.9 2.1 1.9 1.2 -1.2 2.3 2.3 2.3 3.8 3.2 8.6 2.4 3.3 4.2 3.1 3.1 3.2 3.0 3.6 2.2 2.1 26.3 0.2 -0.1 1.5 -2.4 6.5 3.2 1.8 3.2 -0.9 1.2 0.3 1.6 1.2 1.3 1.3 1.0 2.2 3.6 2.0 3.0 2.1 3.4 4.0 0.4 -21.2 -36.6 13.1 1.5 3.1 3.1 3.1 7.5 1.2 2.7 0.2 -1.5 -7.7 1.8 1.4 1.2 3.2 1.0 3.7 4.2 3.6 4.4 2.4 5.1 5.0 1.3 14.2 21.6 -2.5 -1.8 -0.3 -2.1 1.6 2.3 0.9 0.9 -0.7 0.9 3.8 -0.6 1.3 1.2 0.8 1.8 2.2 2.7 2.1 -0.1 -0.3 -0.1 2.6 2.3 28.5 11.8 0.9 1.3 4.4 -1.3 10.9 3.1 1.7 1.5 0.2 1.1 1.5 0.9 1.1 1.5 0.3 0.5 1.4 2.7 1.2 -0.3 0.1 -0.5 2.1 2.1 1.4 -8.0 -3.4 2.3 3.9 1.7 6.3 3.2 2.4 4.2 0.4 3.0 4.2 2.5 1.5 1.4 0.6 2.0 1.9 3.8 1.6 3.3 2.4 3.6 2.4 Government……………………………………………………………………………………… Federal……………………………………………………………………………………………………… State and local…………………………………………………………………………………………… 3.7 3.2 3.9 4.3 4.3 4.3 3.2 2.4 3.6 2.6 1.8 3.0 2.8 3.1 2.7 1.6 1.8 1.5 1.2 0.6 1.5 0.1 3.6 3.8 -4.6 2.4 6.0 1.8 Addenda: Private goods-producing industries1……………………………………………………… 2 Private services-producing industries …………………………………………………… 2.0 2.4 1.6 1.9 1.0 1.2 2.2 Information-communications-technology-producing industries3………… -7.7 -4.1 -3.2 -1.4 -1.8 -1.1 -0.6 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. Source: U.S. Bureau of Economic Analysis Table 4. Contributions to Percent Change in the GDP Price Index by Industry Group [Percentage points] Average Average contribution, contribution, 1997-2002 2002-2007 Gross domestic product1………………………………………………………………… 2008 2009 2010 2011 2012 1.7 2.7 1.9 0.8 1.2 2.0 1.7 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………………………………………………………… 1.34 -0.06 0.02 0.02 0.27 -0.23 -0.37 0.14 -0.06 0.01 0.13 0.01 0.34 -0.04 0.39 0.37 0.19 0.07 0.10 0.25 0.04 0.21 0.14 0.03 0.10 0.12 2.36 0.06 0.28 0.08 0.37 0.03 -0.13 0.17 0.12 0.12 0.03 -0.06 0.46 0.17 0.29 0.42 0.21 0.14 0.07 0.24 0.04 0.20 0.11 0.03 0.08 0.09 1.87 0.02 0.58 0.00 -0.01 0.19 -0.17 0.36 0.19 0.11 0.09 -0.05 0.23 0.02 0.21 0.14 0.09 0.02 0.03 0.17 0.04 0.13 0.11 0.02 0.09 0.09 0.31 -0.24 -1.12 0.21 0.06 0.37 0.20 0.17 0.43 0.07 0.08 0.01 -0.29 -0.52 0.23 0.16 0.08 0.05 0.03 0.30 0.04 0.25 0.16 0.02 0.13 0.11 1.14 0.14 0.42 -0.05 -0.07 -0.04 -0.13 0.09 0.13 0.05 0.02 -0.03 0.17 0.25 -0.08 0.15 0.08 0.01 0.05 0.18 0.03 0.15 -0.01 0.00 0.00 0.06 1.98 0.30 0.27 0.02 0.05 0.53 -0.08 0.61 0.18 0.10 0.04 0.01 0.21 0.10 0.11 0.12 0.10 0.01 0.02 0.12 0.03 0.09 -0.01 0.00 -0.01 0.05 1.85 0.02 -0.22 -0.06 0.08 0.48 0.11 0.37 0.19 0.14 0.12 0.02 0.59 0.27 0.32 0.17 0.10 0.01 0.06 0.16 0.04 0.12 0.12 0.02 0.10 0.05 Government……………………………………………………………………………………… Federal……………………………………………………………………………………………………… State and local…………………………………………………………………………………………… 0.48 0.13 0.35 0.56 0.18 0.38 0.43 0.10 0.33 0.36 0.08 0.28 0.40 0.14 0.26 0.23 0.09 0.15 0.16 0.03 0.13 Private goods-producing industries2……………………………………………………… 0.01 0.75 0.78 -0.92 0.45 1.15 0.36 Private services-producing industries3…………………………………………………… 1.32 1.61 1.08 1.23 0.69 0.83 1.49 Information-communications-technology-producing industries4………… -0.48 -0.25 -0.20 -0.08 -0.11 -0.07 -0.04 Addenda: 1. The estimates of gross domestic product under the contributions columns are percent changes. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. 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. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. 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 Table 5. Value Added by Industry Group as a Percentage of GDP [Percent] Average Average annual annual share, share, 1997-2002 2002-2007 Gross domestic product…………………………………………………………………… 100.0 100.0 2008 100.0 2009 100.0 2010 100.0 2011 100.0 2012 100.0 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………………………………………………………… 86.8 1.0 1.0 1.8 4.3 15.0 8.8 6.2 6.0 6.8 2.9 4.8 19.5 7.2 12.3 10.5 6.3 1.6 2.7 6.8 0.8 6.0 3.6 0.9 2.7 2.7 86.7 1.0 1.6 1.6 4.8 13.1 7.4 5.8 5.8 6.5 2.8 4.9 20.1 7.5 12.6 11.0 6.5 1.7 2.9 7.3 0.9 6.4 3.7 0.9 2.8 2.4 86.4 1.1 2.7 1.6 4.4 12.3 6.7 5.5 6.0 5.8 2.9 4.9 19.1 6.2 12.9 11.9 7.1 1.8 3.0 7.8 1.0 6.8 3.6 1.0 2.7 2.3 85.7 1.0 2.0 1.8 4.0 11.9 6.0 5.9 5.7 5.9 2.8 4.9 19.9 6.7 13.2 11.5 6.9 1.7 2.9 8.4 1.1 7.3 3.6 1.0 2.7 2.3 85.7 1.1 2.2 1.8 3.6 12.2 6.4 5.8 5.8 5.8 2.9 4.8 19.7 6.7 13.0 11.5 6.8 1.8 2.9 8.3 1.1 7.2 3.6 1.0 2.7 2.2 86.1 1.3 2.6 1.8 3.5 12.4 6.5 5.9 5.9 5.8 2.9 4.8 19.4 6.5 12.9 11.7 6.9 1.8 3.0 8.3 1.1 7.1 3.6 1.0 2.7 2.2 86.5 1.2 2.6 1.7 3.6 12.5 6.6 6.0 5.9 5.7 2.9 4.8 19.5 6.6 12.9 11.9 7.0 1.9 3.0 8.2 1.1 7.1 3.7 1.0 2.7 2.2 Government……………………………………………………………………………………… Federal……………………………………………………………………………………………………… State and local…………………………………………………………………………………………… 13.2 4.2 8.9 13.3 4.2 9.1 13.6 4.3 9.3 14.3 4.6 9.7 14.3 4.7 9.6 13.9 4.6 9.3 13.5 4.4 9.1 Private goods-producing industries1……………………………………………………… 21.4 20.5 20.5 18.9 19.1 19.8 20.0 Private services-producing industries2…………………………………………………… 65.5 66.2 65.9 66.8 66.6 66.3 66.6 Information-communications-technology-producing industries3………… 5.9 5.8 6.0 5.9 5.8 5.8 5.9 Addenda: 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. Source: U.S. Bureau of Economic Analysis Table 6. Revisions in Percent Changes in Real Gross Output, Real Intermediate Inputs, and Real Value Added by Industry Group Revision in Percent Changes [Percentage point] Real Real Intermediate Real Gross Real Gross Output Real Value Added Real Value Added Intermediate Output Inputs Inputs 2010 2011 2012 2010 2011 2012 2010 2011 2012 2 010 2011 2010 2011 2010 2011 2012 Gross domestic product………………………………………………………………… … … … … … … 2.5 1.8 2.8 … … … … 0.1 0.0 0.6 Revised Percent Changes 3.4 Private industries……………………………………………………………………………… Agriculture, forestry, fishing, and hunting…………………………………………… 1.3 Mining……………………………………………………………………………………………………… 2.8 Utilities…………………………………………………………………………………………………… 6.3 Construction…………………………………………………………………………………………… -7.6 Manufacturing………………………………………………………………………………………… 5.6 Durable goods……………………………………………………………………………………… 9.8 Nondurable goods………………………………………………………………………………… 1.9 Wholesale trade……………………………………………………………………………………… 12.2 Retail trade……………………………………………………………………………………………… 7.3 Transportation and warehousing…………………………………………………………… 5.0 Information……………………………………………………………………………………………… 4.3 Finance, insurance, real estate, rental, and leasing……………………………… 1.2 Finance and insurance………………………………………………………………………… -0.7 Real estate and rental and leasing……………………………………………………… 2.6 Professional and business services………………………………………………………… 3.6 Professional, scientific, and technical services…………………………………… 2.6 Management of companies and enterprises……………………………………… 6.5 Administrative and waste management services……………………………… 4.1 Educational services, health care, and social assistance……………………… 2.1 Educational services……………………………………………………………………………… 5.5 Health care and social assistance………………………………………………………… 1.6 Arts, entertainment, recreation, accommodation, and food services… 1.3 Arts, entertainment, and recreation…………………………………………………… 0.2 Accommodation and food services……………………………………………………… 1.7 Other services, except government……………………………………………………… 0.4 2.3 -4.1 7.5 -7.3 -3.3 3.2 6.7 0.1 5.0 1.8 3.6 3.7 0.7 -0.8 1.8 4.4 3.4 7.2 5.0 2.4 1.6 2.5 3.7 2.9 3.9 0.5 3.0 -0.8 11.5 -0.7 3.7 2.8 6.3 -0.2 1.6 5.2 1.3 4.7 2.0 1.9 2.1 3.3 1.9 8.9 2.6 3.0 3.8 2.9 3.4 3.2 3.4 2.6 4.6 0.8 33.0 -0.6 -10.4 4.9 8.1 2.3 39.8 18.8 4.3 4.7 0.4 -1.1 2.5 5.2 5.8 4.8 3.8 4.8 13.1 3.6 -1.5 -5.1 -0.3 4.2 2.7 -4.1 1.1 -23.4 -7.1 4.5 7.0 2.7 13.1 2.9 3.9 5.7 0.0 -0.9 1.2 4.2 1.7 10.5 5.5 4.0 4.2 3.9 2.7 1.1 3.2 2.0 3.0 -1.7 4.3 -6.5 3.3 3.3 7.8 -0.1 -0.4 12.6 1.4 5.2 1.6 1.5 1.8 0.9 -2.0 9.9 0.5 3.9 8.1 3.2 4.3 4.6 4.2 3.6 2.4 1.9 -5.9 10.3 -5.0 6.8 12.4 1.1 3.2 2.2 5.7 4.0 1.6 -0.3 2.6 2.7 0.8 7.6 4.3 0.4 1.0 0.3 3.6 4.4 3.3 -1.8 1.9 -4.0 9.9 1.7 0.0 0.7 6.3 -5.1 1.5 1.2 3.4 2.2 1.1 -0.7 2.0 4.5 4.3 4.9 4.7 1.4 -0.1 1.6 4.4 4.2 4.5 -0.5 3.0 0.3 14.0 1.8 4.0 1.9 4.1 -0.5 2.6 1.3 1.1 4.4 2.2 2.3 2.2 4.6 4.2 8.1 3.7 2.5 1.0 2.7 2.7 2.3 2.8 1.9 0.7 2.7 -2.4 0.7 0.8 -0.5 -1.1 0.1 -1.5 -3.5 0.2 1.2 2.8 4.0 1.4 1.5 0.5 6.8 0.4 -0.2 2.0 -0.6 -0.6 0.4 -0.9 0.7 0.2 0.5 -1.1 -2.6 1.4 0.0 -0.3 0.3 -2.0 0.3 0.0 -1.2 1.6 1.4 1.5 1.0 0.2 5.3 0.2 -1.1 -2.2 -1.0 -0.6 0.3 -0.8 -0.9 1.9 1.2 2.0 4.9 4.9 -0.7 -1.5 -0.2 -4.6 -1.3 1.7 1.7 5.1 5.9 3.3 3.1 5.0 -3.7 2.8 0.7 -3.0 0.7 1.9 4.1 1.6 6.3 0.6 -6.7 -19.3 1.1 2.3 1.1 -0.3 2.1 -2.5 -1.2 1.5 1.9 2.9 3.0 2.3 3.7 3.7 4.1 4.1 -2.7 -5.2 -2.4 -0.1 3.4 -0.8 0.4 -0.3 4.7 3.2 0.2 -3.8 -0.1 -0.9 0.7 -0.2 -4.8 -0.9 0.8 1.2 1.9 0.6 0.5 -1.8 12.4 -1.2 -0.8 2.8 -1.4 -2.9 -1.8 -3.2 -2.6 -0.1 9.6 9.9 -0.9 0.3 -1.8 -0.5 -3.1 -1.5 1.0 -1.4 -3.7 0.8 -0.1 1.1 -0.3 -1.0 5.4 -2.1 -0.3 -1.2 -0.2 -1.0 -1.3 -0.8 -1.8 0.1 4.0 10.3 0.9 0.9 -4.3 -5.1 -3.5 -2.2 -2.5 -0.3 -1.4 0.1 -1.3 1.0 2.8 3.0 4.6 1.3 2.1 0.8 2.3 -0.9 -1.0 -0.8 1.7 Government……………………………………………………………………………………… Federal…………………………………………………………………………………………………… State and local………………………………………………………………………………………… 0.2 3.6 -1.5 -1.7 -2.0 -1.5 0.3 -0.8 0.8 -0.7 5.5 -4.0 -4.0 -5.4 -3.2 1.1 -0.4 2.0 0.7 2.5 -0.2 -0.4 0.2 -0.6 -0.2 -1.0 0.2 -0.5 0.0 -0.6 -0.1 0.0 -0.1 -1.4 0.8 -2.3 -1.2 -1.2 -1.2 0.1 -0.4 0.3 0.4 0.4 0.4 0.2 -0.5 0.5 Private goods-producing industries1……………………………………………………… 2.9 2.1 3.3 3.2 2.6 3.1 2.6 1.4 3.7 -0.1 0.2 0.1 -0.1 -0.3 0.8 -1.0 Private services-producing industries2…………………………………………………… 3.6 2.3 2.8 5.6 2.8 2.9 2.4 2.1 2.7 1.0 0.2 3.2 1.1 -0.3 -0.3 0.4 Information-communications-technology-producing industries3………… 6.1 5.4 5.7 8.5 6.3 3.8 4.4 4.7 7.2 -0.6 -0.5 8.2 -1.8 -7.0 0.3 0.7 Addenda: 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. Revisions for this series reflect both statistical revisions and an improved definition of information-communications-technology-producing industries. Source: U.S. Bureau of Economic Analysis
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