Thursday, April 27, 2006
Tweet[IWS] BEA: Gross Domestic Product (GSP) by INDUSTRY (Advanced Estimates) [27 April 2006]
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
________________________________________________________________________
Services and Goods Sectors Both Strong Despite Slowdown in 2005
Advance Estimates of Gross Domestic Product (GDP) by Industry [27 April 2006]
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.pdf
[full-text, 5 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.xls
[spreadsheet of Charts and Tables]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05_fax.pdf
In 2005, both the services-producing and goods-producing sectors continued their expansion, although each sector experienced a slowdown from its pace of growth in 2004. Newly-available data on the industry distribution of real GDP growth, released today by the U.S. Bureau of Economic Analysis, showed that the services-producing sector grew 4.1 percent and continued to be led by the information and professional and business services industry groups. The goods-producing sector increased 2.6 percent reflecting growth in manufacturing and construction that more than offset declines in mining and agriculture.
Despite slower growth in 2005, the manufacturing industry group continued to show strong growth, increasing 4.0 percent after increasing 4.8 percent in 2004. Durable-goods manufacturing increased 5.7 percent and continued to lead growth for the goods-producing sector due, in part, to the continued strength of computer and electronic products.
AND MUCH MORE...including TABLES and CHARTS....
_____________________________
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
________________________________________________________________________
Services and Goods Sectors Both Strong Despite Slowdown in 2005
Advance Estimates of Gross Domestic Product (GDP) by Industry [27 April 2006]
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.pdf
[full-text, 5 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05.xls
[spreadsheet of Charts and Tables]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdpind05_fax.pdf
In 2005, both the services-producing and goods-producing sectors continued their expansion, although each sector experienced a slowdown from its pace of growth in 2004. Newly-available data on the industry distribution of real GDP growth, released today by the U.S. Bureau of Economic Analysis, showed that the services-producing sector grew 4.1 percent and continued to be led by the information and professional and business services industry groups. The goods-producing sector increased 2.6 percent reflecting growth in manufacturing and construction that more than offset declines in mining and agriculture.
Despite slower growth in 2005, the manufacturing industry group continued to show strong growth, increasing 4.0 percent after increasing 4.8 percent in 2004. Durable-goods manufacturing increased 5.7 percent and continued to lead growth for the goods-producing sector due, in part, to the continued strength of computer and electronic products.
AND MUCH MORE...including TABLES and CHARTS....
_____________________________
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
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# posted by SBasefsky : 2:15 PM
