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Gross Domestic Product by Industry: First Quarter 2018
By: AJOT | Jul 20 2018
Real GDP growth slowed to 2.0 percent in the first quarter, from 2.9 percent in the fourth quarter. Wholesale trade was the leading contributor to the deceleration in real GDP growth in the first quarter. Real value added for the industry group increased 0.2 percent, after
increasing 4.4 percent in the fourth quarter.
Durable goods manufacturing increased 3.2 percent, after increasing 7.2 percent, and was the second leading contributor to the slowdown.
Gross output by industry
Economy-wide, real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased 2.7 percent in the first quarter. This reflected an
increase of 3.2 percent for the private goods-producing sector, 3.0 percent for the private services-producing sector, and 0.3 percent for the government sector. Overall, 13 of 22 industry groups contributed to the increase in real gross output.