Finance and Insurance Led Growth in the Fourth Quarter

Finance and insurance; retail trade; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2016. Overall, 19 of 22 industry groups contributed to the 2.1 percent increase in real GDP in the fourth quarter.

• Finance and insurance increased 6.3 percent in the fourth quarter, after increasing 9.0 percent in the third quarter.
• Retail trade increased 5.7 percent, after increasing 2.6 percent.
• Professional, scientific, and technical services increased 3.6 percent, after increasing 2.6 percent.

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