Posted by Dwight Steward, Ph.D. | Industry, Labor data

From the U.S. BEA:

Manufacturing real value added—a measure of an industry’s contribution to GDP—rose 6.2 percent in 2012, after increasing 2.5 percent in 2011.  Durable-goods manufacturing, the largest contributor to overall growth in the economy for the third consecutive year, increased 9.1 percent, after increasing 6.8 percent in 2011 and 13.3 percent in 2010.

Source: U.S. Bureau of Economic Analysis, http://www.bea.gov/newsreleases/industry/gdpindustry/2013/gdpind12_adv.htm

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