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BEA Reports on Gross Domestic Product by Industry, 2006

Gross Domestic Product by Industry, 2006 (advance): “Newly available data on the industry distribution of real GDP growth show that the private services-producing sector accelerated to 4.1 percent in 2006, up from 3.7 percent in 2005, and that the private goods-producing sector accelerated to 2.5 percent, up from 2.1 percent in 2005. Real growth in government slowed slightly to 0.6 percent, down from 0.7 percent in 2005. The private services sector’s acceleration reflected more rapid growth in “finance, insurance, real estate, rental, and leasing” that offset slower growth in retail trade, information, and “professional and business services.” Private goods-sector growth accelerated due to more rapid growth in durable-goods manufacturing and “agriculture, forestry, fishing, and hunting” and smaller decreases in mining and nondurable-goods manufacturing.”

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