July 19, 2019
Finance and insurance; retail trade; and health care and social assistance were the leading contributors to the increase in U.S. economic growth in the first quarter of 2019. Overall, 16 of 22 industry groups contributed to the 3.1 percent increase in real GDP in the first quarter.
- Finance and insurance increased 9.5 percent in the first quarter, after decreasing 6.2 percent in the fourth quarter.
- Retail trade increased 11.9 percent, after decreasing 2.5 percent in the fourth quarter.
- Health care and social assistance increased 6.2 percent, after increasing 2.4 percent.
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