Thursday, December 15, 2005
Tweet[IWS] BEA: Revised GDP by INDUSTRY 2002-2004 [15 December 2005]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
Expansion in 2004 Led by Services-Producing Sector
Revised Estimates of Gross Domestic Product (GDP) by Industry, 2002-2004 [15 December 2005]
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.htm
or
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.pdf
[full-text, 5 pages]
or
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_fax_rev.pdf
In 2004, real growth in the U.S. economy was led by the services-producing sector. These industries grew 4.9 percent, reflecting strong increases in real estate and rental and leasing, information, and professional and business services. Newly-available data that provide greater information on the industry composition of growth, released today by the U.S. Bureau of Economic Analysis (BEA), also show that a resurgence in manufacturing boosted real growth in the goods-producing sector to 3.9 percent.
The revised estimates confirm the steady acceleration of growth in the services-producing sector, which exceeded its 4.6-percent average annual growth during the 5-year period preceding the 2001 economic slowdown. These data also clarify that the goods-producing sector grew at an accelerated pace in 2004, after demonstrating relatively flat growth of 1.3 percent in 2002 and 1.2 percent in 2003 (see "Revisions" on page 3).
AND MUCH MORE...including CHARTS and TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
Expansion in 2004 Led by Services-Producing Sector
Revised Estimates of Gross Domestic Product (GDP) by Industry, 2002-2004 [15 December 2005]
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.htm
or
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.pdf
[full-text, 5 pages]
or
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_rev.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2005/gdpind04_fax_rev.pdf
In 2004, real growth in the U.S. economy was led by the services-producing sector. These industries grew 4.9 percent, reflecting strong increases in real estate and rental and leasing, information, and professional and business services. Newly-available data that provide greater information on the industry composition of growth, released today by the U.S. Bureau of Economic Analysis (BEA), also show that a resurgence in manufacturing boosted real growth in the goods-producing sector to 3.9 percent.
The revised estimates confirm the steady acceleration of growth in the services-producing sector, which exceeded its 4.6-percent average annual growth during the 5-year period preceding the 2001 economic slowdown. These data also clarify that the goods-producing sector grew at an accelerated pace in 2004, after demonstrating relatively flat growth of 1.3 percent in 2002 and 1.2 percent in 2003 (see "Revisions" on page 3).
AND MUCH MORE...including CHARTS and TABLES....
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 9:08 AM
