Industry Economic Accounts: initial statistics for the second quarter of 2014 revised statistics for 1997-2013 and the first quarter of 2014.

Howells, Thomas F. ; Morgan, Edward T.

ON NOVEMBER 13, the Bureau of Economic Analysis (BEA) released estimates of real gross domestic product (GDP) by industry for the second quarter of 2014 as well as revised quarterly and annual estimates beginning with 2005 and 1997, respectively These estimates reflect newly available source data for the second quarter of 2014 as well as new and revised data for earlier periods that were part of this year's annual revision of the industry economic accounts. While some estimates were revised as far back as 1997, the most notable revisions begin with 2011.

The newly available statistics show that the economy experienced widespread growth in the second quarter, with 19 of 22 major industry groups contributing to a 4.6 percent increase in real GDP. The leading contributors were durable goods manufacturing; finance and insurance; retail trade; and professional, scientific, and technical services. Together, these industries accounted for nearly 40 percent of real GDP growth (chart 1).

The revisions to statistics for earlier periods do not significantly change the previously published picture of economic growth, notably the pattern of the current economic recovery. These revisions reflect a number of improvements, including the availability of new and revised source data, the incorporation of results from the 2014 annual revision of the national income and product accounts (NIPAs), and the comprehensive restructuring of BEA's international economic accounts.(1)

In addition, the publication of the revised 2007 benchmark input-output (I-O) account as part of the November 13 release marked the first time that BEA has ever updated a published set of benchmark accounts to maintain consistency with other published statistics. This revision will enable users to perform analysis using a detailed set of benchmark statistics that remains fully consistent with the NIPAs and with BEA's annual and quarterly time series of industry statistics.

[GRAPHIC 1 OMITTED]

The Latest Snapshot of U.S. Producers

Annual revisions are conducted primarily to update the accounts with newly available and more comprehensive source data. They typically cover the three most recent years. To maintain the accuracy and relevance of its estimates, BEA regularly updates its statistics to incorporate the best and most up-to-date source data as well as improved estimation methods, presentation, and definitions. Occasionally, as was done this year, BEA expands the focus of the annual revision to include earlier periods and to incorporate classes of improvements that were historically reserved for comprehensive revisions conducted only every 5 years.(1)

Improvements incorporated during the current annual revision include an expansion of the published level of detail, a first-time revision of the 2007 benchmark input -output (I-O) account, and the incorporation of various statistical improvements and revised source data. These improvements resulted in revisions throughout the quarterly and annual time series beginning with 2005 and 1997, respectively; however, the revised statistics reveal a general picture of economic growth, including the pattern of the current economic recovery, that is largely unchanged from the previously published statistics. Most notable revisions begin no earlier than 2011.

Expansion of published detail

With the release of this annual revision, BEA provides new industry detail as well as an expansion of the investment categories presented in the final demand section of the use table.(2) In both cases, the expanded detail was made possible by greater use of detailed NIPA data. The added detail allows for tighter comparisons between the NIPAs and the industry statistics.

In the revised estimates, industry detail for the full annual time series is expanded from 69 to 71 industries. Newly available detail includes a breakout of the real estate industry into housing services and other real estate and a breakout of the federal government industry into defense and nondefense industries. The new housing services industry is closely related to housing sector estimates published in the NIPAs; however, the housing services industry excludes secondary housing services output by industries such as accommodation and state and local government and includes non-housing output by the housing services industry, such as own-account construction.

In addition, the presentation of both private and public fixed investment in the final demand section of the use table now more closely follows the NIPA presentation. Private fixed investment is separately identified for three nonresidential components--structures, equipment, and intellectual property--and a fourth component for total residential investment. Similar to the breakout of the federal government industry, public fixed investment now includes separate categories for federal defense and federal nondefense investment. Additionally, both federal categories as well as fixed investment by state and local governments are further divided into separate components for investment in structures, equipment, and intellectual property.

Revision of the 2007 benchmark I-O account

The 2007 benchmark I-O account was revised to maintain consistency with the NIPAs and with the revised annual and quarterly time series of industry statistics. This update marks the first time that published benchmark tables have been revised to maintain consistency with revisions to the NIPAs and the annual industry accounts. This is important because the benchmark I-O accounts, based on detailed data from the quinquennial economic censuses, provide the most comprehensive information available on the production of goods and services by industries and on the flow of these goods and services among industries as part of the production process. This revision marks the final milestone in fully integrating the benchmark I-O accounts with the NIPAs and with other annual and quarterly industry statistics. Full integration enables users to continue analyzing detailed benchmark I-O statistics in a framework that is fully consistent with the most recent NIPA data and with other industry statistics.

Statistical improvements and source data

Statistical improvements are changes in procedures in order to incorporate new and improved estimation methods as well as newly available and revised source data. This annual revision included newly available Census Bureau survey data and newly available Department of Treasury Statistics of Income (SOI) Division data, which resulted in revisions in 2012 to many of the underlying components of nominal value added, including corporate profits, nonfarm proprietors' income, and net interest.

Estimates from the NIPAs are another major data source used in preparing BEA's industry accounts. While the 2014 NIPA annual revision includes changes back to 1999, incorporation of the revised data led to only minimal revisions prior to 2011. Notable revisions impacting the industry accounts include the incorporation of revised and newly available source data into NIPA estimates of personal consumption expenditures (PCE) and the incorporation of newly available producer price indexes (PPIs) into NIPA estimates used as deflators in the construction industry.

Finally, a comprehensive restructuring of BEA's international economic accounts also resulted in a number of improvements to BEA's industry accounts. Revised estimates of total exports and imports resulted from the incorporation of this restructuring into the NIPAs. A new methodology for estimating average expenditures for foreign travel resulted in an improved commodity distribution for exports and imports. And an improved measure of import services was incorporated due to the availability of improved data on foreign trade transactions by type. For a complete list of principal source data used to estimate current-dollar output and prices, see tables A and B on pages 9-12.

The percent change in real GDP for the first quarter of 2014 was revised up 0.8 percentage point to -2.1 percent from -2.9 percent. This upward revision primarily reflected a slower decline in the private services-producing sector, which fell at a rate of 1.7 percent in the revised statistics, compared with a decline of 3.2 percent in the previously published data. The revision in services was partly offset by a sharper decline in the private goods-producing sector, which fell at a rate of 6.8 percent in the revised data compared to the 3.8 percent previously. The direction of growth was unchanged for 17 of 22 industry groups.

The statistics for quarters for 2005-2013 were bench-marked to their corresponding annual estimates, and revisions to these quarters typically follow the revisions to the annual data. Updated quarterly source data and revised seasonal factors also contribute to revisions to the earlier estimates for the quarters. Table 3 presents revisions to percent changes in real value added by industry group.

2013

Real growth in GDP was revised up 0.3 percentage point to 2.2 percent growth. A downward revision to growth in private goods-producing industries from 3.6 percent to 2.5 percent was largely offset by an upward revision to growth in private services-producing industries to 2.2 percent from 1.8 percent. A slower decline in government, which fell 0.6 percent compared with the previous estimate of 1.1 percent, also contributed to the upward revision in GDP growth. The direction of growth in real value added was unchanged for 21 of 22 major industry groups.

* Finance and insurance was the leading contributor to the upward revision in real GDP growth; growth in this industry was revised up to 4.6 percent from 2.0 percent.

This revision stems largely from the incorporation of newly available data from the quarterly census of employment and wages and revised business income data from the NIPAs. In addition, revised statistics show positive growth for finance and insurance in 4 of 5 years since a decline of 13.0 percent in 2008.

* A downward revision to growth in nondurable-goods manufacturing partly offset the upward revision to finance and insurance, growing 1.1 percent compared with 5.3 percent in the previously published estimates. Within the industry group, real value added for petroleum and coal product manufacturing turned up for the first time since 2008, reflecting a downturn in gross output prices for the industry.

2012

Real GDP growth was revised down 0.5 percentage point to 2.3 percent; both private goods-producing industries and private services-producing industries contributed to the revision. Growth in private goods-producing industries was revised down 1.5 percentage points to 2.2 percent growth, and growth in private services-producing industries was revised down 0.2 percentage point to 2.5 percent. The direction of growth in real value added was unchanged for 20 out of 22 major industry groups.

* Information was the leading contributor to the downward revision; growth in this industry was revised to 1.7 percent, down 2.7 percentage points from 4.4 percent. This change reflected the incorporation of revised SAS data as well as a notable downward revision to gross operating surplus due to the incorporation of newly available SOI data.

* Mining was the second-largest contributor to the downward revision; growth in this industry was revised down to 10.1 percent from 14.0 percent. This change reflected downward revisions throughout the sector and was driven primarily by the incorporation of newly available SOI data affecting corporate profits, nonfarm proprietor's income, and net interest.

[GRAPHIC 2 OMITTED]

2011

Real GDP growth was revised down to 1.6 percent from 1.8 percent. The revision reflected a downward revision to growth in private goods-producing industries to 0.6 percent from 1.4 percent. Growth in private services-producing industries was unchanged at 2.1 percent. The direction of growth was unchanged in 19 out of 22 major industry groups.

* Information was the largest contributor to the downward revision in real GDP growth; growth in information was revised to 0.1 percent from 2.2 percent previously. Within information, the main source of revision was the broadcasting and telecommunications industry, which declined 1.9 percent compared with a previous increase of 1.9 percent. This revision was primarily due to the incorporation of revised SOI data on corporate profits.

* Mining was the second-largest contributor to the downward revision in real GDP growth; growth in this industry was revised to 6.4 percent from 9.9 percent. Revisions within this industry were widespread with revisions in all industries driven by downward revisions in gross operating surplus.

1997-2010

Before 2011, the industry contributors to GDP growth are little changed compared with earlier estimates. The revised statistics continue to support the previously published analysis of industry contributions to the most recent business cycles.

By Thomas F. Howells and Edward T. Morgan

(1) For more information, see Stephanie H. McCulla, Alyssa E. Holdren, and Shelly Smith, "The 2014 Annual Revision of the National Income and Product Accounts" SURVEY OF CURRENT BUSINESS (August 2014) and Jeffrey R. Bogen, Mai-Chi Hoang, Kristy L. Howell, and Erin M. Whitaker, "Comprehensive Restructuring and Annual Revision of the U.S. International Transactions Accounts" SURVEY (July 2014).

(1) For more information on the purpose and scope of annual revisions, see "Improving BEA's Accounts Through Flexible Annual Revisions," SURVEY OF CURRENT BUSINESS 88 (June 2008). This year's revision does not significantly affect statistics for 1997 through 2010. The reference year for index numbers and chained-dollar estimates remains 2009.

(2) Changes in presentation can be seen in the summary level use tables available on BEA's Web site.

Justin M. Harper, Paul M. Rhodes, and Ksenia E. Shadrina prepared the tables and charts for this article and played a key role in preparing the text.

Methodology

Annual statistics. For information on the methodology for preparing the annual statistics, see Donald D. Kim, Erich H. Strassner, and David B. Wasshausen, "Industry Economic Accounts: Results of the Comprehensive Revision and Revised Statistics for 1997-2012," SURVEY OF CURRENT BUSINESS 94 (February 2014).

Quarterly statistics. For information on the methodology for preparing the quarterly statistics, see Erich H. Strassner and David B. Wasshausen, "New Quarterly Gross Domestic Product by Industry Statistics," SURVEY 94 (May 2014).

Acknowledgments

Erich H. Strassner, Chief of the Industry Applications Division (IAD) and David B. Wasshausen, Chief of the Industry Sector Division (ISD), supervised the preparation of the estimates. Carol E. Moylan, Associate Director for Industry Economic Accounts, provided overall guidance. Thomas F. Howells III, Chief of the Input-Output Statistics Branch in IAD, managed the economic information systems used to produce and review the statistics. Paul V. Kern, Chief of the Information, Business Services, and Travel and Tourism Satellite Accounts Branch in ISD, Edward T Morgan, Chief of the Professional and Distributive Services Branch in ISD, Matthew R. Russell, Chief of the Goods, Inventories, and International Trade Branch in IAD, and Patricia A. Washington, Chief of the Personal Services and Government Branch in ISD, provided guidance and contributed to the preparation of the industry statistics and analysis. Donald D. Kim and Jeffrey A. Young provided valuable assistance in the review and coordination of these statistics. Kali K. Kong, Special Assistant to the Associate Director, Marine V. Tiggle, and Patricia A. Wilkinson provided administrative and program assistance.

The following staff also contributed to the preparation of the statistics:

Agriculture, mining, and manufacturing: William A. Jolliff, Justin M. Harper, Patrick H. Martin, Simon N. Randrianarivelo, and Christopher N. Wilderman.

Construction: Ahmad Z. Yusuf.

Utilities and distributive services: Ricky L. Stewart, Louis E. Feagans, Mariana Matias, and Justin H. Settles.

Finance, insurance, real estate, rental, and leasing: Matthew B. Schroeder, Lolita V. Jamison, Ricci L. Reber, Casey W. Ross, and Steven L. Zemanek.

Health care; arts, entertainment, and recreation; and accommodation and food services: Daniel W. Jackson, Alexander M. Eisenmann, and Katharine E. Hamilton.

Information, business, and management services: Robert J. Corea, Benjamin J. Hobbs, Erin M. Ludlow, and Mandy C. Roberts.

International trade and inventories: Kevin B. Barefoot, Peter Kuhbach, Gregory R. Linder, and Sarah Osborne.

Economic information systems: Amanda S. Lyndaker, Rajeshwari R. Bhosale, Matthew E. Calby, Douglas B. Leung, Gabriel W Medeiros, Wade M. Petty, Paul M. Rhodes, and Jeffrey A. Young.

Other services, education, and government services: Brian M. Lindberg, Darlene C. Robinson-Smith, and Linda Y Wong.

Professional services and value added: Jennifer Lee, Teresa L. Gilmore, and Ksenia E. Shadrina.

Transportation and warehousing: William H. Nicolls IV.

In addition, staff from the National Economic Accounts Directorate under the direction of Associate Director Brent R. Moulton and staff from the International Economic Accounts Directorate under the direction of Associate Director Sarahelen Thompson made important contributions without which these statistics could not have been prepared.

Data Availability and Upcoming Releases

Data availability. The full time series of industry statistics are available interactively on BEA's Web site. The GDP-by-industry section includes real, current-dollar, and price data for value added, gross output, intermediate inputs, and KLEMS statistics. The input-output section includes an annual time series of make and use tables both before and after redefinitions as well as direct and total requirements tables. Links to the 2007 benchmark input-output account can also be found here.

Upcoming data releases. On January 22, 2015, BEA will release GDP by industry estimates for the third quarter of 2014.

In addition, a new time series of current-dollar historical input-output tables will be released during fiscal year 2015 for the period 1947-1997. This will be the first release of its kind, making a time series of historical make and use tables available that are consistent with currently published statistics for 1997 forward. These estimates will provide a long-term view of the industry composition of the U.S. economy and will be updated as necessary to remain consistent with the latest published data for more recent periods.

Table 1. Percent Changes in Real Value Added by Industry Group
             [Seasonally adjusted at annual rates]
                                            2013

                                    I     II   III   IV

Gross domestic product             2.7   1.8   4.5   3.5
Private industries                 2.6   1.6   5.4   3.7
Agriculture, forestr y,
fishing, and hunting              64.7  12.3  23.6  -2.2
Mining                            -8.3   9.2   6.7   9.1
Utilities                          7.1  -3.6   0.0   0.9
Construction                       0.4   1.3   4.8  -2.2
Manufacturing                      7.0  -0.6   6.0   7.4
Durable goods                      2.8   0.4   5.3   3.6
Nondurable goods                  11.9  -1.7   6.9  12.0
Wholesale trade                    2.2   1.5   8.1   0.8
Retail trade                       9.7  -4.0   5.0   1.1
Transportation and
warehousing                        5.7  -3.9   2.6   8.2
Information                       17.7   2.8   8.8  12.0
Finance, insurance,
real estate, rental,
and leasing                        0.3   3.0   3.8   2.1
Finance and insurance             -2.7   8.5   1.2   3.0
Real estate and rental
and leasing                        1.9   0.0   5.3   1.7
Professional and business
services                          -8.4   5.1   9.0   4.1
Professional, scientific,
and technical services            -9.5   3.9   7.9   3.0
Management of companies
and enterprises                  -15.2  10.0  16.7   6.6
Administrative and
waste management
services                          -1.0   4.9   6.6   5.1
Educational services,
health care, and social
assistance                         3.0   0.3   1.8   1.0
Educational services              -5.9   1.1   1.6  -0.4
Health care and
social assistance                  4.5   0.1   1.9   1.2
Arts, entertainment,
recreation, accommodation,
and food services                  1.6  -0.3   1.7   5.8
Arts, entertainment,
and recreation                    -1.7   7.9   2.5   8.3
Accommodation and
food services                      2.8  -3.0   1.4   4.9
Other ser vices, except
government                        -0.8  -0.5   1.6   3.5
Government                        -0.8  -0.6  -1.0  -1.4
Federal                           -3.4  -3.3  -5.0  -5.3
State and local                    0.6   0.7   0.9   0.4
Addenda:
Private goods-producing
industries(1)                       6.6   1.8   6.9   5.1
Private services-producing
industries(2)                       1.5   1.5   4.9   3.3

                                 2014
                                I    II
Gross domestic product        -2.1   4.6    Real GDP increased at a
                                            4.6 percent annualized
                                            rate in the second quarter
                                            of 2014, the largest
                                            increase since the fourth
                                            quarter of 2011. Overall,
                                            19 of 22 major industry
                                            groups contributed to GDP
                                            growth.
Private industries            -2.9   5.1
Agriculture, forestr y,
fishing, and hunting          44.3  14.2
Mining                        -7.5  11.5
Utilities                     18.5  17.2
Construction                  -8.1   4.1
Manufacturing                 -1.3   6.8
Durable goods                 -4.5   8.0    Durable-goods
                                            manufacturing, the leading
                                            contributor to growth,
                                            increased 8.0 percent in
                                            the second quarter, the
                                            largest increase since the
                                            fourth quarter of 2011
                                            when growth was 10.6
                                            percent. The increase
                                            reflected growth in
                                            shipments of light and
                                            heavy duty trucks as well
                                            as growth in computer and
                                            electronic products and
                                            machinery manufacturing.
Nondurable goods               2.4   5.4
Wholesale trade               -4.2   6.5
Retail trade                   4.3   7.2    Retail trade, the third
                                            leading contributor to GDP
                                            growth, increased 7.2
                                            percent in the second
                                            quarter. This increase,
                                            which partly reflected an
                                            increase in sales for
                                            motor vehicle and parts
                                            dealers, was the fourth
                                            consecutive increase and
                                            the largest since the
                                            first quarter of 2013.
Transportation and
warehousing                   -2.7   0.0
Information                   -5.8   3.0
Finance, insurance,
real estate, rental,
and leasing                   -4.1   2.7
Finance and insurance         -9.8   6.0    Finance and insurance, the
                                            second leading contributor
                                            to GDP growth, increased
                                            6.0 percent in the second
                                            quarter after decreasing
                                            9.8 percent in the first
                                            quarter. The increase
                                            primarily reflected an
                                            increase in profits.
Real estate and rental
and leasing                   -0.9   0.9
Professional and business
services                       1.4   7.6
Professional, scientific,
and technical services         0.8   6.0    Professional, scientific,
                                            and technical services,
                                            which includes computer
                                            systems design and
                                            miscellaneous professional
                                            services, rose 6.0 percent
                                            after rising 0.8 percent
                                            in the first quarter.
Management of companies
and enterprises                7.2  14.5
Administrative and
waste management
services                      -1.0   7.1
Educational services,
health care, and social
assistance                     3.1   2.8
Educational services           0.2  -2.8
Health care and
social assistance              3.6   3.7
Arts, entertainment,
recreation, accommodation,
and food services              0.4   2.9
Arts, entertainment,
and recreation                 1.3   2.7
Accommodation and
food services                  0.1   3.0
Other ser vices, except
government                    -0.1  -0.2
Government                     1.0  -0.8
Federal                        5.7  -3.1
State and local               -1.0   0.3
Addenda:
Private goods-producing
industries(1)                 -6.8   7.3    Private goods-producing
                                            industries, which account
                                            for about one-fifth of GDP
                                            in current-dollar terms,
                                            increased 7.3 percent in
                                            the second quarter and
                                            accounted for about
                                            one-third of overall real
                                            GDP growth.
Private services-producing
industries(2)                 -1.7   4.5    Private services-producing
                                            industries, which account
                                            for about two-thirds of
                                            current-dollar GDP,
                                            increased 4.5 percent and
                                            accounted for about
                                            two-thirds of overall real
                                            GDP growth.

1.Consists of agriculture, forestry, fishing, and hunting; mining;
construction; and manufacturing.
2.Consists of utilities; wholesale trade; retail trade; transportation
and warehousing; information; finance, insurance, real estate, rental,
and leasing; professional and business services; educational services,
health care, and social assistance; arts, entertainment, recreation,
accommodation, and food services; and other services, except government.

Table 2. Contributions to Percent Change
          in Real GDP by Industry Group
[Percentage points, seasonally adjusted at annual rates]

                                             2013
                                  I      II       III     IV
Gross domestic product(1)        2.7    1.8       4.5     3.5
Private industries               2.25   1.35      4.65    3.17
Agriculture, forestry,
fishing, and hunting             0.66   0.17      0.30   -0.03
Mining                          -0.22   0.23      0.18    0.24
Utilities                        0.11  -0.06      0.00    0.01
Construction                     0.02   0.05      0.18   -0.08
Manufacturing                    0.81  -0.08      0.72    0.87
Durable goods                    0.18   0.03      0.34    0.23
Nondurable goods                 0.63  -0.11      0.38    0.64
Wholesale trade                  0.13   0.09      0.47    0.05
Retail trade                     0.54  -0.23      0.29    0.06
Transportation and
warehousing                      0.16  -0.11      0.07    0.23
Information                      0.74   0.13      0.40    0.53
Finance, insurance,
real estate, rental,
and leasing                      0.06   0.59      0.77    0.43
Finance and insurance           -0.20   0.59      0.09    0.22
Real estate and rental
and leasing                      0.25   0.00      0.68    0.22
Professional and business
services                        -1.04   0.59      1.04    0.48
Professional, scientific,
and technical services          -0.69   0.26      0.54    0.21
Management of companies
and enterprises                 -0.32   0.18      0.30    0.12
Administrative and waste
management services             -0.03   0.14      0.19    0.15
Educational services,
health care, and social
assistance                       0.25   0.02      0.15    0.08
Educational services            -0.07   0.01      0.02    0.00
Health care and social
assistance                       0.32   0.01      0.13    0.08
Arts, entertainment,
recreation, accommodation,
and food services                0.06  -0.01      0.06    0.21
Arts, enter tainment,
and recreation                  -0.02   0.07      0.02    0.08
Accommodation and
food services                    0.08  -0.08      0.04    0.13
Other services,
except government               -0.02  -0.01      0.04    0.08
Government                      -0.10  -0.08     -0.13   -0.19
Federal                         -0.15  -0.14     -0.21   -0.22
State and local                  0.05   0.07      0.08    0.04
Addenda:
Private goods-producing
industries(2)                    1.26   0.36      1.36    1.00
Private services-producing
industries(3)                    0.99   0.99      3.29    2.17

                                  2014
                                I     II
Gross domestic product(1)     -2.1    4.6    U.S. economic growth
                                             turned up in the second
                                             quarter of 2014,
                                             increasing 4.6 percent
                                             after decreasing 2.1
                                             percent in the first
                                             quarter. Overall, 19 out
                                             of 22 major industry
                                             groups contributed to the
                                             upturn in economic
                                             activity.
Private industries            -2.52   4.42
Agriculture, forestry,
fishing, and hunting          -0.71   0.17    Agriculture, forestry,
                                              fishing, and hunting,
                                              the second-largest
                                              contributor to the upturn
                                              in GDP growth,
                                              contributed 0.17
                                              percentage point to GDP
                                              growth in the second
                                              quarter after subtracting
                                              0.71 percentage point in
                                              the first quarter. In the
                                              first quarter, farming
                                              was affected by severe
                                              weather.
Mining                        -0.21   0.30
Utilities                     -0.34   0.27
Construction                  -0.31   0.15
Manufacturing                 -0.16   0.81
Durable goods                 -0.29   0.51    Durable-goods
                                              manufacturing contributed
                                              0.51 percentage point to
                                              GDP growth in the second
                                              quarter after subtracting
                                              0.29 percentage point in
                                              the first quarter. This
                                              upturn reflects stronger
                                              growth in motor vehicle,
                                              bodies and trailers, and
                                              parts manufacturing as
                                              well as accelerated
                                              growth in manufacturing
                                              of computer and
                                              electronic products,
                                              which includes
                                              semiconductors and other
                                              electronic components.
Nondurable goods               0.14   0.30
Wholesale trade               -0.25   0.38    Wholesale trade turned up
                                              in the second quarter,
                                              adding 0.38 percentage
                                              point to GDP growth after
                                              subtracting 0.25
                                              percentage point in the
                                              first quarter.
Retail trade                   0.24   0.42
Transportation and
warehousing                   -0.08   0.00
Information                   -0.28   0.14
Finance, insurance,
real estate, rental,
and leasing                   -0.85   0.55
Finance and insurance         -0.73   0.42    Finance and insurance
                                              turned up in the second
                                              quarter, contributing
                                              0.42 percentage point to
                                              GDP growth after
                                              subtracting 0.73
                                              percentage point in the
                                              first quarter. This
                                              industry group was the
                                              largest contributor to
                                              the upturn in GDP growth.
Real estate and rental
and leasing                   -0.12   0.12
Professional and business
services                       0.16   0.90
Professional, scientific,
and technical services         0.06   0.41
Management of companies
and enterprises                0.13   0.27
Administrative and waste
management services           -0.03   0.21
Educational services,
health care, and social
assistance                     0.25   0.23
Educational services           0.00  -0.03
Health care and social
assistance                     0.25   0.26
Arts, entertainment,
recreation, accommodation,
and food services              0.01   0.11
Arts, enter tainment,
and recreation                 0.01   0.03
Accommodation and
food services                  0.00   0.08
Other services,
except government              0.00   0.00
Government                     0.14  -0.10
Federal                        0.23  -0.13
State and local               -0.09   0.03
Addenda:
Private goods-producing
industries(2)                 -1.39   1.43
Private services-producing
industries(3)                 -1.13   2.99

GDP Gross domestic product
1.The estimates of gross domestic product under the contributions
columns are percent changes.
2.Consists of agriculture, forestry, fishing, and hunting; mining;
construction; and manufacturing.
3.Consists of utilities; wholesale trade; retail trade; transportation
and warehousing; information; finance, insurance, real estate, rental,
and leasing; professional and business services; educational services,
health care, and social assistance; arts, entertainment, recreation,
accommodation, and food services; and other services, except government.

NOTE. Percentage point contributions do not sum to the percent change
in real gross domestic product because the contribution of the "Not
allocated by industry" line is excluded.

Table 3. Revisions to Percent Change in Real Value Added by Industry
                                    Group

                                              2011
Line                         Revised        Previously        Revision
                                            Published

1   Gross domestic
    product                     1.6             1.8             -0.2
2   Private industries          1.8             1.9             -0.1
3   Agriculture,
    forestry, fishing
    and hunting                -4.4            -4.0             -0.4
4   Mining                      6.4             9.9             -3.5
5   Utilities                   1.3             1.7             -0.4
6   Construction               -0.5             0.0             -0.5
7   Manufacturing               0.3             0.7             -0.4
8   Durable goods               6.3             6.3              0.0
9   Nondurable goods           -6.0            -5.1             -0.9
10  Wholesale trade             2.1             1.5              0.6
11  Retail trade                0.6             1.2             -0.6
12  Transportation and
    warehousing                 3.6             3.4              0.2
13  Information                 0.1             2.2             -2.1
14  Finance, insurance,
    real estate,
    rental, and
    leasing                     2.1             1.1              1.0
15  Finance and insurance       1.0            -0.7              1.7
16  Real estate and rental
    and leasing                 2.7             2.0              0.7
17  Professional and
    business services           3.8             4.5             -0.7
18  Professional,
    scientific, and
    technical services          3.6             4.3             -0.7
19  Management of
    companies and
    enterprises                 4.4             4.9             -0.5
20  Administrative
    and waste
    management
    services                    3.7             4.7             -1.0
21  Educational
    services, health care,
    and social assistance       1.6             1.4              0.2
22  Educational
    services                    0.8            -0.1              0.9
23  Health care
    and social
    assistance                  1.7             1.6              0.1
24  Arts, entertainment,
    recreation,
    accommodation,
    and food services           3.9             4.4             -0.5
25  Arts,
    entertainment,
    and recreation              2.0             4.2             -2.2
26  Accommodation
    and food services           4.6             4.5              0.1
27  Other services,
    except government          -0.4            -0.5              0.1
28  Government                 -0.4            -0.4              0.0
29  Federal                     0.2             0.2              0.0
30  State and local            -0.7            -0.6             -0.1
    Addenda:
31  Private
    goods-producing
    industries(1)               0.6             1.4             -0.8
32  Private
    services-producing
    industries(2)               2.1             2.1              0.0
33  Information
    -communications
    -technology
    -producing
    industries(3)               3.5             4.7             -1.2

                                                2012
Line                         Revised         Previously        Revision
                                             Published

1   Gross domestic
    product                    2.3               2.8            -0.5
2   Private industries         2.4               3.0            -0.6
3   Agriculture,
    forestry, fishing,
    and hunting               -3.4               0.3            -3.7
4   Mining                    10.1              14.0            -3.9
5   Utilities                  0.5               1.8            -1.3
6   Construction               4.1               4.0             0.1
7   Manufacturing              0.7               1.9            -1.2
8   Durable goods              3.2               4.1            -0.9
9   Nondurable goods          -2.0              -0.5            -1.5
10  Wholesale trade            3.2               2.6             0.6
11  Retail trade               1.7               1.3             0.4
12  Transportation
    and warehousing            0.2               1.1            -0.9
13  Information                1.7               4.4            -2.7
14  Finance, insurance,
    real estate, rental,
    and leasing                2.7               2.2             0.5
15  Finance and insurance      4.2               2.3             1.9
16  Real estate and rental
    and leasing                1.9               2.2            -0.3
17  Professional
    and business
    services                   4.4               4.6            -0.2
18  Professional,
    scientific,
    and technical
    services                   3.3               4.2            -0.9
19  Management of
    companies and
    enterprises                8.1               8.1             0.0
20  Administrative
    and waste
    management
    services                   4.8               3.7             1.1
21  Educational
    services,
    health care,
    and social
    assistance                 1.4               2.5            -1.1
22  Educational
    services                  -0.3               1.0            -1.3
23  Health care
    and social
    assistance                 1.7               2.7            -1.0
24  Arts, entertainment,
    recreation,
    accommodation,
    and food services          2.2               2.7            -0.5
25  Arts, entertainment,
    and recreation             2.7               2.3             0.4
26  Accommodation
    and food services          2.0               2.8            -0.8
27  Other services,
    except government          2.0               1.9             0.1
28  Government                -0.5              -0.2            -0.3
29  Federal                   -0.5              -1.0             0.5
30  State and
    local                     -0.4               0.2            -0.6
    Addenda:
31  Private
    goods-producing
    industries(1)              2.2               3.7            -1.5
32  Private
    services-producing
    industries(2)              2.5               2.7            -0.2
33  Information
    -communications
    -technology
    -producing
    industries(3)              3.6               7.2            -3.6

                                               2013
Line                         Revised        Previously         Revision
                                            Published

1   Gross domestic             2.2               1.9             0.3
    product
2   Private industries         2.3               2.3             0.0
3   Agriculture,              12.0              16.4            -4.4
    forestry, fishing,
    and hunting
4   Mining                     4.1               1.8             2.3
5   Utilities                  1.0               1.8             0.8
6   Construction               1.9               1.5             0.4
7   Manufacturing              1.4               3.1            -1.7
8   Durable goods              1.7               1.0             0.7
9   Nondurable goods           1.1               5.3            -4.2
10  Wholesale trade            1.6               1.5             0.1
11  Retail trade               2.4               2.1             0.3
12  Transportation             0.7               1.0            -0.3
    and warehousing            4.4               3.2             1.2
13  Information                2.6               1.8             0.8
14  Finance, insurance,        4.6               2.0             2.6
    real estate, rental,
    and leasing                1.6               1.6             0.0
15  Finance and insurance      1.8               2.0            -0.2
16  Real estate and rental
    and leasing                0.7               1.5            -0.8
17  Professional
    and business
    services                   4.6               5.8            -1.2
18  Professional,
    scientific,
    and technical
    services                   2.6               0.7             1.9
19  Management of
    companies and
    enterprises                1.9               1.9             0.0
20  Administrative
    and waste
    management
    services                  -1.4              -0.9            -0.5
21  Educational
    services,
    health care,
    and social
    assistance                 2.4               2.3             0.1
22  Educational
    services
23  Health care
    and social
    assistance                 2.0               2.0             0.0
24  Arts, entertainment,
    recreation,
    accommodation,
    and food services          3.5               1.7             1.8
25  Arts, entertainment,
    and recreation             1.4               2.1            -0.7
26  Accommodation
    and food services          0.7              -0.6             1.3
27  Other services,
    except government         -0.6              -1.1             0.5
28  Government                -3.0              -3.3             0.3
29  Federal
30  State and
    local                      0.5               0.0             0.5
    Addenda:
31  Private
    goods-producing
    industries(1)              2.5               3.6            -1.1
32  Private
    services-producing
    industries(2)              2.2               1.8             0.4
33  Information
    -communications
    -technology
    -producing
    industries(3)              4.4

1.Consists of agriculture, forestry, fishing, and hunting; mining;
construction; and manufacturing.
2.Consists of utilities; wholesale trade; retail trade; transportation
and warehousing; information; finance, insurance, real estate, rental,
and leasing; professional and business services; educational
services, health care, and social assistance; arts, entertainment,
recreation, accommodation, and food services; and other services,
except government.
3. Consists of computer and electronic product manufacturing
(excluding navigational, measuring, electromedical, and control
instruments manufacturing); software publishers; broadcasting and
telecommunications; data processing, hosting and related services;
Internet publishing and broadcasting and Web search portals; and
computer systems design and related services.

Table A. Principal Sources of Data for Annual Industry and Commodity
         Output and Prices

Industry and                  Source data for current-dollar
commodity                                 statistics

 Agriculture,
 forestry,
 fishing,
 and hunting

 Farms                        Farm output from the Bureau of
                              Economic Analysis (BEA) national
                              income and product accounts
                              (NIPAs) based on U.S. Department
                              of Agriculture (USDA) data.
 Forestry,
 fishing,
 and related
 activities                   For forestr y, NIPA farm output;
                              for logging and forestry support
                              activities, Census Bureau annual
                              survey of manufactures (ASM),
                              Census Bureau manufacturers
                              shipments, inventories, and
                              orders sur vey (M3) data; for
                              fishing, hunting and trapping,
                              commercial landings data from
                              the National Oceanic and
                              Atmospheric Administration.

 Mining

 Oil and gas
 extraction                   Energy Information Administration
                              (EIA) data on quantities produced
                              and prices.
 Mining, except
 oil and gas                  For coal mining, EIA U.S. Coal
                              Supply and Demand in Review; for
                              uranium, EIA Uranium Marketing
                              Annual Repor t; for all other,
                              U.S. Geological Survey (USGS)
                              Mineral Commodity Summaries.
 Support
 activities
 for mining                   For mining exploration, trade
                              source data on drilling costs
                              and footage drilled; all other
                              suppor t activities, USGS
                              Mineral Commodity Summaries.
 Utilities                    For electric power generation
                              and supply, EIA forms 861 and
                              826; for natural gas distribution,
                              EIA Natural Gas Monthly; for
                              water, sewage and other systems,
                              Census Bureau service annual
                              survey (SAS).

 Construction

 Residential                  Census Bureau construction
                              spending (value-put-in-place)
                              survey.
 Non
 residential                  Census Bureau construction
                              spending (value-put-in-place)
                              survey, U.S. Depar tment of
                              Defense (DOD) expenditures,
                              USDA expenditures, and BLS
                              occupational employment
                              statistics.
 Manufacturing                Census Bureau M3 shipments
                              and inventories data, ASM
                              data nonemployer survey data,
                              and EIA production data and
                              BLS PPI.
 Wholesale
 trade                        Census Bureau monthly wholesale
                              trade survey and annual
                              wholesale trade survey data.
 Retail trade                 Census Bureau monthly retail
                              trade sur vey and annual retail
                              trade survey (ARTS) data.

 Transportation
 and warehousing

 Air
 transportation               Bureau of Transpor tation
                              Statistics (BTS) Air Carrier
                              Financial Statistics (ACFS)
                              and U.S. Air Carrier Traffic
                              Statistics (ACTS) and BEA
                              foreign trade statistics.
 Rail
 transportation               For rail passenger, Amtrak
                              Annual Report; for rail
                              freight, Department of
                              Transportation (DOT) Surface
                              Transportation Board (STB)
                              selected earnings data.
 Water
 transportation               Census Bureau SAS data.
 Truck transportation         Census Bureau SAS data.
 Transit and
 ground
 passenger
 transportation               Census Bureau SAS data and
                              PCE for ground passenger
                              transportation.
 Pipeline
 transportation               Census Bureau SAS data.
 Other
 transportation
 and support
 activities                   Census Bureau SAS data,
                              American Public Transportation
                              Association, ACFS, STB, BLS
                              Quarterly Census of Employment
                              and Wages (QCEW), NIPA PCE, and
                              trade source data for receipts.
 Warehousing
 and storage                  Census Bureau SAS data.

 Information

 Publishing
 industries,
 except Internet
 (includes
 software)                    Census Bureau SAS data.
 Motion picture
 and sound
 recording
 industries                   Census Bureau SAS data.
 Broadcasting
 and
 telecommunications           Census Bureau SAS data.
 Data processing,
 Internet
 publishing,and
 other information
 services                     Census Bureau SAS data.

 Finance and insurance

 Federal Reserve
 banks, credit
 intermediation
 and related
 activities                   Census Bureau SAS data, Federal
                              Deposit Insurance Corporation
                              commercial bank call report data,
                              Federal Reserve Board (FRB) data,
                              National Credit Union Administration,
                              Office of Thrift Supervision
                              data, and NIPA measures of
                              financial services indirectly
                              measured.
 Securities,
 commodity
 contracts,                   Securities and Exchange
                              Commission FOCUS Report and
                              Census Bureau SAS data; BLS QCEW
                              for auxiliary industries.
 Insurance
 carriers and
 related
 activities                   For property and casualty
                              insurance, life insurance,
                              and reinsurance, private
                              trade source data and Census
                              Bureau SAS; for medical and
                              hospitalization Insurance,
                              private trade source data and
                              NIPA statistics on medical and
                              hospital insurance premiums.
 Funds, trusts,
 and other
 financial
 vehicles                     NIPA imputed service charges
                              for other financial
                              institutions and Employee
                              Benefits Security Administration
                              data on pension funds.

 Real estate and
 rental and
 leasing

 Real estate                  For residential dwellings, NIPA
                              housing data and USDA data on
                              farm housing; for nonresidential
                              structures, Internal Revenue
                              Service (IRS) tabulations of
                              business tax returns, NIPA
                              rental value of buildings owned
                              by nonprofits, and NIPA foreign
                              trade statics.
 Rental and
 leasing
 services and
 lessors of
 intangible
 assets                       For rental and leasing services,
                              Census Bureau SAS data; for
                              royalties, IRS tabulations of
                              business tax returns.

 Professional,
 scientific,
 and technical
 services

 Legal
 services                     Census Bureau SAS data.
 Computer
 systems
 design and
 related
 services                     Census Bureau SAS data.
 Miscellaneous
 professional,
 scientific
 and technical
 services                     Census Bureau SAS data.
 Management of
 companies and
 enterprises                  BLS QCEW data.
 Administrative
 and waste                    Census Bureau SAS data;
                              BLS QCEW for auxiliary
                              industries.
 Educational
 services                      PCE data for education services
                              based on data from the
                              Department of Education and
                              data from BLS consumer
                              expenditure survey.
 Health care and
 social
 assistance                   Census Bureau SAS data.
 Arts,
 entertainment,
 and recreation               Census Bureau SAS data.

 Accommodation
 and food
 services

 Accommodations               For hotels and motels, PCE;
                              for all other traveler
                              accommodations and bed and
                              breakfasts, BLS QCEW data.
 Food services
 and drinking
 places                       Census Bureau ARTS data.
 Other services,
 except
 government                   For religious, grant making,
                              civic and other non profit
                              services, personal services,
                              and dry cleaning services,
                              Census Bureau SAS data, PCE,
                              and data from the National
                              Center for Charitable Statistics;
                              for repair and maintenance,
                              BLS QCEW; for private household
                              services, PCE.

 Federal

 General
 government                   NIPA government expenditure
                              statistics; for federal
                              structures, DOD investment
                              expenditures.
 Government
 enter prises                 U.S. Postal Service receipts,
                              EIA data for electric
                              utilities, Overseas Private
                              Investment Corporation, and
                              Federal Housing Administration
                              data; government agency data for
                              specific federal enterprises.

 State and local

 General
 government                   NIPA government expenditure
                              statistics.
 Government
 enter prises                 NIPA statistics on government
                              enter prises based on the
                              Census Bureau annual survey
                              of government finances; for
                              Alaskan ferries, waterports,
                              and airports, Alaska Railroad
                              Administration; for electric
                              utilities, EIA data; for state
                              and local government structures,
                              Census Bureau construction
                              spending (value-put-in-place)
                              survey.

Industry and                  Source data for price
commodity                     indexes
 Agriculture,
 forestry,
 fishing,
 and hunting

 Farms                        NIPA prices based on
                              USDA price indexes
                              received by farmers;
                              Bureau of Labor
                              Statistics (BLS)
                              Producer Price Index
                              (PPI) data.
 Forestry,
 fishing,
 and related
 activities                   BLS PPI; NIPA
                              personal consumption
                              expenditure (PCE)
                              price indexes;
                              USDA/National
                              Agricultural
                              Statistics
                              Service unit prices.

 Mining

 Oil and gas
 extraction                   BLS PPI and EIA.
 Mining, except
 oil and gas                  EIA, USGS, and BLS
                              PPI.
 Support
 activities
 for mining                   EIA, USGS, BLS PPI,
                              and trade sources.
 Utilities                    BLS Consumer Price
                              Index (CPI) and BLS
                              PPI.

 Construction

 Residential                  Census Bureau price
                              deflator for new
                              single-family houses
                              under construction
                              and BEA prices for
                              multi-family home
                              construction.
 Non
 residential                  BLS PPI and BEA
                              composite prices
                              based on trade source
                              data and on the
                              Census Bureau price
                              deflator for
                              single-family houses
                              under construction.
 Manufacturing                BLS PPI and NIPA
                              price indexes based
                              on DOD prices paid
                              for military
                              equipment, and NIPA
                              hedonic prices.
 Wholesale
 trade                        BLS PPI and NIPA
                              sales deflators.

 Retail trade                 BLS PPI and NIPA
                              sales deflators.
 Transportation
 and warehousing
 Air
 transportation               BLS PPI.
 Rail
 transportation               BLS PPI.
 Water
 transportation               For freight, BLS PPI;
                              for passenger, BLS
                              CPI.
 Truck
 transportation               BLS PPI.
 Transit and
 ground
 passenger
 transportation               BLS PPI and NIPA PCE
                              prices.
 Pipeline
 transportation               BLS PPI.
 Other
 transportation
 and support
 activities                   BLS PPI and NIPA PCE
                              prices.
 Warehousing
 and storage                  BLS PPI.
 Information
 Publishing
 industries,
 except Internet
 (includes
 software)                    BLS PPI and BEA price
                              indexes for software.
 Motion picture
 and sound
 recording
 industries                   NIPA PCE prices.
 Broadcasting
 and
 telecommunications           BLS PPI.
 Data processing,
 Internet
 publishing,and
 other information
 services                     BLS PPI and NIPA PCE
                              prices.

 Finance and
 insurance

 Federal Reserve
 banks, credit
 intermediation
 and related
 activities                   BLS PPI, FRB-priced
                              services, and NIPA
                              PCE prices.
 Securities,
 commodity
 contracts,                   BLS PPI and NIPA
                              PCE prices based on
                              both BLS CPI and
                              PPI.
 Insurance
 carriers and
 related
 activities                   BLS PPI and NIPA
                              PCE prices.
 Funds, trusts,
 and other
 financial
 vehicles                     NIPA PCE prices.

 Real estate and
 rental and
 leasing

 Real estate                  For residential
                              dwellings, NIPA PCE
                              prices and NIPA
                              implicit price
                              deflators for farm
                              rents paid; for
                              nonresidential
                              structures, BLS
                              PPI; for real
                              estate managers
                              and agents, BLS PPI
                              and trade source
                              data.
 Rental and
 leasing
 services and
 lessors of
 intangible
 assets                       BLS PPI, BTS and
                              construction index,
                              mining, crude oil
                              receipts.

 Professional,
 scientific,
 and technical
 services

 Legal
 services                     BLS PPI and NIPA
                              PCE prices.
 Computer
 systems
 design and
 related
 services                     BEA price indexes
                              for software.
 Miscellaneous
 professional,
 scientific
 and technical
 services                     BLS PPI and NIPA
                              PCE prices.
 Management of
 companies and
 enterprises                  BLS PPI.
 Administrative
 and waste                    BLS PPI.
 Educational
 services                     NIPA PCE prices.

 Health care and
 social
 assistance                   BLS PPI and NIPA
                              PCE prices.
 Arts,
 entertainment,
 and recreation               NIPA PCE prices.

 Accommodation
 and food
 services

 Accommodations               BLS PPI and NIPA
                              PCE prices.
 Food services
 and drinking
 places                       BLS PPI.
 Other services,
 except
 government                   NIPA PCE prices.

 Federal

 General
 government                   NIPA price indexes
                              based on BLS PPI and
                              CPI; for military
                              facilities, DOD data
                              on employment,
                              prices for military
                              construction, and
                              construction cost
                              indexes from trade
                              sources.
 Government
 enter prises                 BLS PPI.
 State and local
 General
 government                   BLS PPI and NIPA PCE
                              prices.
 Government
 enter prises                 BLS PPI.

Table B. Principal Sources of Data for Quarterly Industry and Commodity
         Output and Prices
Industry and             Source data for current-dollar
commodity                            statistics

Agriculture,
 forestry,
 fishing,
 and hunting

 Farms                    Farm output from the Bureau
                          of Economic Analysis (BEA)
                          national income and product
                          accounts (NIPAs) based on U.S.
                          Department of Agriculture
                          (USDA) data.
 Forestry,
 fishing,
 and related
 activities               For forestry, Federal Reserve
                          Board (FRB) industrial
                          production index (IPI) and
                          Bureau of Labor Statistics
                          (BLS) Producer Price Index
                          (PPI); for fishing, commercial
                          fishery landings data from
                          the National Oceanic and
                          Atmospheric Administration.

Mining

 Oil and gas
 extraction               FRB IPI and BLS PPI.
 Mining, except
 oil and gas              FRB IPI and BLS PPI.
 Support
 activities
 for mining               FRB IPI, BLS PPI, and NIPA
                          fixed investment in mining
                          exploration based on trade
                          source data.
 Utilities                 For electric power generation,
                          transmission, and distribution,
                          Energy Information Association
                          (EIA) form 826; for natural
                          gas distribution, EIA form 857;
                          for water, sewage, and other
                          systems, Census Bureau Quarterly
                          Services Survey (QSS).

Construction

 Residential              NIPA fixed investment in
                          structures based primarily
                          on Census Bureau construction
                          spending (value-put-in-place)
                          survey.


 Nonresidential           NIPA fixed investment in
                          structures based primarily
                          on Census Bureau construction
                          spending (value-put-in-place)
                          survey.

 Manufacturing            Census Bureau Manufacturers'
                          shipments, inventories,
                          and orders survey (M3) and
                          NIPA electronic computer
                          shipments; for petroleum
                          products, EIA production
                          data and BLS PPI.
 Wholesale
 trade                    Census Bureau monthly
                          wholesale trade survey data.
 Retail trade             Census Bureau monthly retail
                          trade survey data.
 Transportation
 and warehousing          For air transportation,
                          NIPA personal consumption
                          expenditures (PCE) and
                          Census Bureau QSS data; for
                          rail transportation, Surface
                          Transportation Board freight
                          earnings data; for water,
                          truck, transit and ground
                          passenger, pipeline
                          transportation, and
                          warehousing, Census Bureau
                          QSS data.

 Information              Census Bureau QSS data, BLS
                          quarterly census of
                          employment and wages (QCEW),
                          and box office revenues from
                          trade source data.

Finance and
 insurance

 Federal
 Reserve
 banks,
 credit
 intermediation,
 and related
 activities               Census Bureau QSS data,
                          Federal Deposit Insurance
                          Corporation commercial bank
                          call report data, FRB data,
                          National Credit Union
                          Administration data, and
                          NIPA measures of financial
                          services indirectly measured.
 Securities,
 commodity
 contracts,
 and
 investments              Census Bureau QSS data and
                          Securities and Exchange
                          Commission FOCUS reports.
 Insurance
 carriers and
 related
 activities               NIPA PCE, Census Bureau QSS
                          data, and trade source data.

 Funds, trusts,
 and other
 financial
 vehicles                 NIPA PCE and NIPA imputed
                          service charges for other
                          financial institutions.

 Industry and             Source data for current-dollar
 commodity                statistics


Real estate
 and rental
 and leasing

 Real estate              For residential dwellings,
                          NIPA PCE, NIPA housing data,
                          and NIPA private fixed
                          investment; for
                          nonresidential structures,
                          NIPA government receipts
                          BEA foreign expenditures from
                          the international transactions
                          accounts, and BLS QCEW data.

 Rental and
 leasing
 services
 and lessors
 of intangible
 assets                   For rental and leasing
                          services,Census Bureau QSS
                          data and NIPA PCE rental
                          income.
 Professional,
 scientific, and
 technical
 services                 Census Bureau QSS data;
                          for veterinary services,
                          NIPA PCE data.

 Management
 of companies
 and enterprises          BLS QCEW data.
 Administrative
 and waste
 management
 services                 Census Bureau QSS data;
                          BLS QCEW data.
 Educational
 services                 NIPA PCE data.


 Health care
 and social
 assistance               NIPA PCE data.

 Arts, entertainment,
 and recreation           Census Bureau QSS data.
 Accommodation
 and food
 services                 NIPA PCE data.

 Other services,
 except
 government               For automotive repair,
                          BLS QCEW data; for personal
                          services, NIPA PCE data;
                          for private households,
                          NIPA compensation.

Federal

 General
 government               NIPA government expenditures
                          statistics.

 Government
 enter prises             U.S. Postal Service
                          quarterly reports, EIA
                          monthly data for electric
                          utility sales and revenue
                          data for publicly owned
                          utilities, and NIPA PCE
                          data for broader aggregates
                          for other components.
 State and local
 General
 government               NIPA government expenditure
                          statistics.
 Government
 enterprises              NIPA statistics on government
                          enterprises based on the
                          Census Bureau annual survey of
                          government finances; for
                          Alaskan ferries, waterports,
                          and airports, Alaska Railroad
                          Administration; for electric
                          utilities, EIA data; for state
                          and local government structures,
                          Census Bureau construction
                          spending (value-put-in-place)
                          survey.

Industry and              Source data for price
commodity                        indexes

Agriculture,
 forestry,
 fishing,
 and hunting

 Farms                     NIPA prices based on
                           USDA price indexes
                           received by farmers.

 Forestry,
 fishing,
 and related
 activities                BLS PPI and
                           USDA/National
                           Agricultural
                           Statistics Service
                           unit prices.

Mining

 Oil and gas
 extraction                BLS PPI.
 Mining, except
 oil and gas               BLS PPI.
 Support
 activities
 for mining                BLS PPI and NIPA
                           prices based on trade
                           source data.

 Utilities                 BLS Consumer Price
                           Index (CPI) and BLS
                           PPI.

 Construction
 Residential               Census Bureau price
                           deflator for new
                           single-family houses
                           under construction
                           and BEA prices for
                           multi-family home
                           construction.
 Nonresidential            BEA composite prices
                           based on trade source
                           data and on data from
                           the Bureau of
                           Reclamation and BLS
                           PPI.
 Manufacturing             BLS PPI and NIPA
                           price indexes based
                           on Department of
                           Defense (DOD) prices
                           paid for military
                           equipment, and NIPA
                           hedonic prices.
 Wholesale
 trade                     BLS PPI and NIPA
                           sales deflators.
 Retail trade              BLS PPI and NIPA
                           sales deflators.
 Transportation
 and warehousing           For air
                           transportation, BLS
                           PPI, Bureau of
                           Transportation
                           Statistics price
                           deflators, and NIPA
                           PCE prices; for rail,
                           BLS PPI for rail
                           passenger
                           transportation
                           and BLS PPI for
                           freight; for water
                           transportation, BLS
                           PPI, BLS CPI, and
                           trade source data;
                           for truck
                           transportation, BLS
                           PPI; for transit and
                           ground passenger
                           transportation, NIPA
                           PCE prices and BLS
                           PPI; for pipeline
                           transportation, BLS
                           PPI; for warehousing,
                           BLS PPI; for other
                           transportation and
                           support activities,
                           NIPA PCE prices and
                           BLS PPI.
 Information               For publishing
                           industries
                           (including software),
                           BEA prices for
                           software and BLS PPI;
                           for information and
                           data processing, NIPA
                           PCE prices and BLS
                           PPI.

Finance and
 insurance

 Federal
 Reserve
 banks,
 credit
 intermediation,
 and related
 activities                NIPA PCE prices.

 Securities,
 commodity
 contracts,
 and
 investments               BLS PPI and NIPA PCE
                           prices.

 Insurance
 carriers and
 related
 activities
                           BLS PPI and NIPA PCE
                           prices.
 Funds, trusts,
 and other
 financial
 vehicles                  NIPA PCE prices.



 Industry and              Source data for price
 commodity                 indexes

Real estate
 and rental
 and leasing

 Real estate               For residential
                           dwellings, NIPA PCE
                           prices and NIPA
                           implicit price
                           deflators for farm
                           rents paid; for
                           nonresidential
                           structures, BLS PPI
                           and NIPA implicit
                           price deflators for
                           non profit imputed
                           rents.
 Rental and
 leasing
 services
 and lessors
 of intangible
 assets                    BLS PPI and NIPA
                           prices.
 Professional,
 scientific, and
 technical
 services                  For legal services,
                           BLS PPI and NIPA PCE
                           prices; for computer
                           systems design and
                           related services, NIPA
                           prices for
                           prepackaged, custom,
                           and own-account
                           software; for
                           miscellaneous
                           services, BLS PPI, and
                           NIPA PCE prices.
 Management
 of companies
 and enterprises           BLS PPI.
 Administrative
 and waste
 management
 services                  BLS PPI and NIPA PCE
                           prices.
 Educational
 services                  NIPA PCE prices based
                           on trade source data
                           for input costs.
 Health care
 and social
 assistance                For ambulatory health
                           care services, NIPA
                           PCE prices based on
                           BLS CPI and BLS PPI;
                           for hospitals and
                           nursing and
                           residential care
                           facilities, NIPA PCE
                           prices based on BLS
                           CPI and Center for
                           Medicare and Medicaid
                           Services; for social
                           assistance, NIPA PCE
                           prices based on trade
                           source data.
 Arts, entertainment,
 and recreation            NIPA PCE prices.
 Accommodation
 and food
 services                  For accommodations,
                           BLS PPI and NIPA PCE
                           prices; for food
                           services, NIPA PCE
                           prices.
 Other services,
 except
 government                NIPA PCE prices.

Federal

 General
 government                NIPA prices based on
                           BLS PPI, BLS CPI, DOD
                           data on employment and
                           prices, BLS employment
                           cost indexes, and
                           construction cost
                           indexes from trade
                           source data.
 Government
 enter prises              BLS PPI and NIPA PCE
                           prices.
 State and local
 General
 government                NIPA PCE prices.
 Government
 enterprises               BLS PPI.