BEA : News Release: Advance Gross Domestic Product by Industry, 2010

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, TUESDAY, APRIL 26, 2011

BEA 11-18

2010 Recovery Widespread Across Industries

Advance GDP by Industry Statistics for 2010

Durable-goods manufacturing and retail trade were among the leading contributors to the upturn in U.S. economic growth in 2010, according to preliminary statistics on the breakout of real gross domestic product (GDP) by industry from the Bureau of Economic Analysis. The economic recovery was widespread: 20 of 22 industry groups contributed to real GDP growth.

• Manufacturing value added—a measure of an industry’s contribution to GDP—rose 5.8 percent in 2010, a sharp return to growth after declining two consecutive years. Durable-goods manufacturing turned up, increasing 9.9 percent after declining 12.7 percent in 2009. Nondurable-goods manufacturing rose 0.8 percent, after declining 3.4 percent in 2009.
• Retail trade value added grew 5.2 percent in 2010, reflecting increased consumer purchases following two consecutive years of contraction.
• Information-communications-technology-producing industries increased 16.3 percent in 2010, returning to double-digit growth for the first time since 2005.

BEA : News Release: Advance Gross Domestic Product by Industry, 2010