Monday, April 29, 2013

Advance GDP by Industry Statistics for 2012

From the Bureau of Labor Statistics:

Durable-goods manufacturing, finance and insurance, and wholesale trade were the leading contributors to U.S. economic growth in 2012, according to advance statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. Overall, 19 of 22 industry groups contributed to the 2.2 percent increase in real GDP.

Manufacturing real value added—a measure of an industry’s contribution to GDP—rose 6.2 percent in 2012, after increasing 2.5 percent in 2011. Durable-goods manufacturing, the largest contributor to overall growth in the economy for the third consecutive year, increased 9.1 percent, after increasing 6.8 percent in 2011 and 13.3 percent in 2010.
The finance and insurance industry group increased 3.6 percent in 2012, after two consecutive years of negative real value added growth.
Wholesale trade increased 4.8 percent, after increasing 3.0 percent in 2011.

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