April 23, 2015
Nondurable goods manufacturing was the leading contributor to U.S. economic growth in the fourth quarter of 2014. Both private goods- and services-producing sectors contributed to the increase, while the government sector decreased. Overall, 15 of 22 industry groups contributed to the 2.2 percent increase in real GDP.
- Durable goods manufacturing increased 0.3 percent following an increase of 7.0 percent, while nondurable goods increased 9.7 percent, after decreasing 6.6 percent.
- Finance and insurance decreased 7.7 percent after increasing 21.2 percent.
- Real estate and rental leasing increased 1.5 percent, after increasing 4.4 percent.
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