BEA: Most Business Sectors Contributed to 2010 GDP Growth

April 26th, 2011
in econ_news

Econintersect:  According to advance data, 20 of 22 industry groups contributed to real GDP growth in 2010.  The summary:

  • Manufacturing value added—a measure of an industry’s contribution to GDP—rose 5.8 percent in 2010, a sharp return to growth after declining two consecutive years. Durable-goods manufacturing turned up, increasing 9.9 percent after declining 12.7 percent in 2009. Nondurable-goods manufacturing rose 0.8 percent, after declining 3.4 percent in 2009.

    Follow up:

  • Retail trade value added grew 5.2 percent in 2010, reflecting increased consumer purchases following two consecutive years of contraction.
  • Information-communications-technology-producing industries increased 16.3 percent in 2010, returning to double-digit growth for the first time since 2005.

The largest contributors to this growth was durable goods and Information-communications-technology-producing industries.  The economic drags were construction and state / local governments.


source: BEA









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved