Nondurable goods manufacturing; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the third quarter of 2019, according to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis. Both private services- and goods-producing industries contributed to the increase; the government sector increased slightly. Overall, 17 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the third quarter.
- Nondurable goods manufacturing increased 10.1 percent in the third quarter, after decreasing 0.3 percent in the second quarter.
- Retail trade increased 8.2 percent, after increasing 0.2 percent.
- Professional, scientific, and technical services increased 5.6 percent, after increasing 7.4 percent.
"In the 3rd quarter of last year, retail and wholesale trade fueled the continuing economic resurgence. With growth in 17 of 22 sectors, American Industry continues to thrive thanks to the pro-growth policies of the Trump Administration," said Commerce Secretary Wilbur Ross.
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