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In The News:

Nondurable Goods Manufacturing Increased 8.4% in the First Quarter

According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 16 of 22 industry groups contributed to the overall 3.1% increase in real GDP in the first quarter. 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. 

Nondurable goods manufacturing increased 8.4% in the first quarter, after increasing 1.1% in the fourth quarter. The first quarter growth primarily reflected increases in petroleum and coal products.

Information services increased 4.5%, after increasing 8.9%. The first quarter growth primarily reflected increases in data processing, internet publishing, and other information services, as well as publishing industries.

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