US Economic Indicators: GDP By Industry

Similar documents
US Economic Indicators: Individual Tax Receipts Per Worker

US Mutual Funds: Weekly New Cash Flows

US Mutual Funds: Weekly New Cash Flows

US Government Finance: Federal GDP Outlays & Income Redistribution

US Economic Indicators: YRI Earned Income Proxy

US Flow of Funds: Nonfinancial Corporate Debt Burden

US Economic Indicators: Personal Income & Consumption

US Flow of Funds: US Household Wealth

Global Economic Indicators: United Kingdom Wages

Money & Credit: Central Bank Holdings Of US Securities

US Mutual Funds Monthly Statistics (Including ETFs)

US Mutual Funds Monthly Statistics (Including ETFs)

Global Economic Indicators: Global Purchasing Managers Indexes

US Flow of Funds: Mutual Funds & ETFs By Investment Objective

US Economic Indicators: Balance of Payments

US Monetary Policy: Taylor Rule & Output Gap

US Economic Indicators: Productivity Proxy

US Economic Indicators: Yield Curve

US Demography: Retirement

US Economic Indicators: Capital Spending In Real GDP

US Demography: Median Age & Life Expectancy

Stock Market Indicators: Margin Debt

Stock Market Briefing: S&P 500 Shares Outstanding By Sectors Since 2006

Mutual Funds. Yardeni Research, Inc. November 30, Dr. Edward Yardeni

Mutual Funds. Yardeni Research, Inc. June 28, Dr. Edward Yardeni

US Economic Indicators: Corporate Taxes

US Flow of Funds: Rest of World Holdings of US Public & Private Debt

US Flow of Funds: Treasury International Capital System (TICS)

US Flow of Funds: Treasury International Capital System (TICS)

US Economic Indicators: Productivity in Manufacturing

US Economic Indicators: PCE Budget Shares

Global Economic Briefing: Comparative GDP Growth Rates

Market Briefing: US Corporate Bond Yields

US Economic Indicators: Citigroup Economic Surprise Index

Market Briefing: Global Interest Rates

US Economic Indicators: Prices Paid & Received Surveys

Money & Credit: US Quarterly Banking Profile (FDIC)

US Economic Briefing: CPI Inflation Components (3-month basis)

US Economic Indicators: Consumer Credit

Performance 2018: S&P 500/400/600 Sectors

Stock Market Indicators: Liquid Assets

Global Demography: Japan

US Economic Briefing: CPI Inflation Components (3-month basis)

Global Economic Indicators: Eurozone Manufacturing Orders

Global Economic Indicators: China Trade

US Monetary Policy: Winding & Unwinding QE

US Economic Indicators: New Home Sales & Housing Market Index

US Economic Indicators: NFIB Small Business Survey

Stock Market Briefing: Stocks As Recession Indicator

US Government Finance: Outlays and Receipts

US Economic Briefing: Personal Income (BEA) vs. Money Income (Census)

Market Briefing: US Interest Rates

Market Briefing: Oil Prices

Market Briefing: Nominal & Real Yields & Inflationary Expectations

Country Briefing: Australia

Economic Indictors: Real Hourly Wages & Compensation Per Worker

Global Economic Briefing: China International Reserves & Capital Flows

Global Economic Indicators: Exports & Imports In Real GDP

US Economic Indicators: Mortgage Applications & Mortgage Rates

Stock Market Briefing: S&P 500 Interest Expense

US Demography: Age Wave

US Demography: Median Age, Longevity, & Deaths

Stock Market Indicators: S&P 500 Recession Cycles

US Economic Indicators: Resource Utilization

Standard of Living: Real Income & Consumption Per Household

Market Briefing: MSCI Currency Indexes

Money & Credit: China Social Financing

Money & Credit: US Short-Term Business Credit

Stock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks

US Social Welfare: Social Security For Disability

S&P 500 Industry Briefing: S&P 500 Excluding Financials

US Flow of Funds: Equities

US Government Finance: Outlays and Receipts

US Economic Indicators: Personal Saving

Europe MSCI Stock Price Indexes By Market Cap & Style

US Economic Indicators: Productivity Cycles

Stock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks

Market Briefing: US Bond Yields

S&P 500 Industry Briefing: S&P 500 Excluding IT

Japan MSCI Stock Price Indexes By Market Cap & Style

Stock Market Indicators: S&P 500/400/600 Metrics Ratios

US Economic Indicators: Median Usual Weekly Earnings

Global Economic Indicators: Implied International Capital Flows

Stock Market Indicators: Historical Monthly & Annual Returns

Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings

Country Briefing: Mexico

Stock Market Indicators: S&P 500/400/600 Sectors Market Cap & Earnings Shares

Money & Credit: Private Sector Lending by Eurozone MFIs

Money & Credit: FRB-NY Household Debt & Credit Report

US Economic Indicators: Weekly Leading Indexes YRI vs ECRI

Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings

US Stock Market Briefing: Trump & Stocks

Market Briefing: S&P 500 Revenues, Earnings, & Dividends

US Economic Indicators: Weekly Leading Indexes YRI vs ECRI

Market Briefing: S&P 500 Revenues, Earnings, & Dividends

Stock Market Metrics: Global MSCI Comparisons of Forward Earnings

Country Briefing: South Korea

US Flow of Funds: Total Debt Measures

US Economic Indicators: Employment

Quant Briefing: Valuation Database

Transcription:

US Economic Indicators: GDP By Industry January 26, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at blog. thinking outside the box

Table Of Contents Table Of Contents Private Industry 1 Government 2 Goods-Producing Industries 3-4 Services-Producing Industries -9 Quarterly Percent Changes 1-18 January 26, 218 / GDP By Industry

Private Industry 1 Figure 1. REAL VALUE ADDED: PRIVATE INDUSTRIES (trillion 29 dollars, saar) 1 14 14 Total 13 13 12 3.2 3.1 12 3.2 3.1 3. 2.9 Goods-Producting 3. 2.9 2.8 2.8 2.7 2.7 2.6 12 2.6 12 11 Services-Producing 11 1 1 9 9 Page 1 / January 26, 218 / GDP By Industry

Government 21 Figure 2. REAL VALUE ADDED: GOVERNMENT (billion 29 dollars, saar) 21 2 2 Total 2 2 19 7 19 7 68 68 66 Federal 66 64 64 62 62 6 144 6 144 142 142 14 14 138 State & Local 138 136 136 Page 2 / January 26, 218 / GDP By Industry

Goods-Producing Industries 18 Figure 3. REAL VALUE ADDED: GOODS-PRODUCING INDUSTRIES (billion 29 dollars, saar) 18 16 Agriculture, Forestry, Fishing & Hunting 16 14 14 12 12 1 4 1 4 4 3 3 Mining 4 3 3 2 2 2 8 2 8 7 7 Construction 6 6 Page 3 / January 26, 218 / GDP By Industry

Goods-Producing Industries 2 Figure 4. REAL VALUE ADDED: GOODS-PRODUCING INDUSTRIES (billion 29 dollars, saar) 2 19 Manufacturing 19 18 18 17 17 16 12 16 12 11 Durable Goods Manufacturing 11 1 1 9 9 8 9 8 9 9 Nondurable Goods Manufacturing 9 8 8 8 8 7 7 7 7 Page 4 / January 26, 218 / GDP By Industry

Services-Producing Industries 11 Figure. REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (billion 29 dollars, saar) 11 1 1 Wholesale Trade 9 9 8 18 16 14 12 1 98 96 94 92 9 88 86 84 82 Retail Trade 8 18 16 14 12 1 98 96 94 92 9 88 86 84 82 48 46 Transportation & Warehousing 48 46 44 44 42 42 4 4 38 1 38 1 9 8 Information 9 8 7 7 6 Source: Bureau of Economic Analysis. 6 Page / January 26, 218 / GDP By Industry

Services-Producing Industries 34 Figure 6. REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (billion 29 dollars, saar) 34 32 32 3 3 28 Finance, Insurance, Real Estate, Rental & Leasing 28 26 12 26 12 11 11 1 1 9 Finance & Insurance 9 8 8 7 23 22 7 23 22 21 21 2 2 19 18 Real Estate, Rental & Leasing 19 18 17 17 Page 6 / January 26, 218 / GDP By Industry

Services-Producing Industries 22 21 Figure 7. REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (billion 29 dollars, saar) 22 21 2 19 Professional & Business Services 2 19 18 18 17 17 16 13 16 13 12 Professional, Scientific, & Technical Services 12 11 11 1 1 9 4 9 4 3 3 Management of Companies and Enterprises 3 3 2 2 2 2 Administrative and Waste Management Services 4 4 4 4 Page 7 / January 26, 218 / GDP By Industry

Services-Producing Industries 14 Figure 8. REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (billion 29 dollars, saar) 14 13 Educational Services, Health Care & Social Assistance 13 12 12 11 11 1 17 1 17 16 16 Educational Services 1 1 14 13 12 12 11 11 1 1 9 9 Health Care & Social Assistance 14 13 12 12 11 11 1 1 9 9 Page 8 / January 26, 218 / GDP By Industry

Services-Producing Industries 7 Figure 9. REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (billion 29 dollars, saar) 7 6 Arts, Entertainment, Recreation, Accomodations & Food Services 6 6 6 18 17 16 Arts, Entertainment, And Recreation 18 17 16 1 1 14 14 13 46 4 44 43 42 41 4 39 38 37 36 Accomodations & Food Services Q4 13 46 4 44 43 42 41 4 39 38 37 36 Page 9 / January 26, 218 / GDP By Industry

Quarterly Percent Changes 1 Figure 1. REAL VALUE ADDED: PRIVATE INDUSTRIES (quarterly percent change, saar) 1 Total - - -1 2-1 2 1 Goods-Producting 1-1 -1-2 1-2 1 Services-Producing - - -1-1 -1-1 Page 1 / January 26, 218 / GDP By Industry

4 3 2 Figure 11. REAL VALUE ADDED: GOVERNMENT (quarterly percent change, saar) Quarterly Percent Changes Total 4 3 2 1 1-1 -1-2 -2-3 1-3 1 Federal - - -1 4-1 4 2 State & Local 2-2 -2-4 -4 Page 11 / January 26, 218 / GDP By Industry

8 6 Figure 12. Quarterly Percent Changes REAL VALUE ADDED: GOODS-PRODUCING INDUSTRIES (quarterly percent change, saar) 8 6 4 2 Agriculture, Forestry, Fishing & Hunting 4 2-2 -2-4 1-4 1 1 1 Mining - 2-2 1 1-1 -2 Construction -1-2 -3-3 Page 12 / January 26, 218 / GDP By Industry

2 Figure 13. Quarterly Percent Changes REAL VALUE ADDED: GOODS-PRODUCING INDUSTRIES (quarterly percent change, saar) 2 1 1-1 Manufacturing -1-2 -2-3 3-3 3 2 2 1 1-1 -2 Durable Goods Manufacturing -1-2 -3-3 -4 4 3 2 Nondurable Goods Manufacturing -4 4 3 2 1 1-1 -1-2 -3-2 -3 Page 13 / January 26, 218 / GDP By Industry

3 2 Figure 14. Quarterly Percent Changes REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (quarterly percent change, saar) 3 2 1 1-1 -2-3 2 Wholesale Trade -1-2 -3 2 1-1 Retail Trade 1-1 -2 3 2 1-1 -2-3 3 Transportation & Warehousing -2 3 2 1-1 -2-3 3 2 1 Information 2 1-1 -1-2 -3-2 -3 Page 14 / January 26, 218 / GDP By Industry

4 3 Figure 1. Quarterly Percent Changes REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (quarterly percent change, saar) 4 3 2 Finance, Insurance, Real Estate, Rental & Leasing 2 1 1-1 -1-2 1-2 1 1 Finance & Insurance 1-1 Real Estate, and Rental & Leasing - 1 - - Page 1 / January 26, 218 / GDP By Industry

2 1 Figure 16. Quarterly Percent Changes REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (quarterly percent change, saar) 2 1-1 -2 2 1 Professional & Business Services Professional, Scientific, and Technical Services -1-2 2 1-1 -1-2 4-2 4 2 2-2 -4 2 Management of Companies and Enterprises -2-4 2 1-1 Administrative & Waste Management Services 1-1 -2-2 Page 16 / January 26, 218 / GDP By Industry

1 Figure 17. Quarterly Percent Changes REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (quarterly percent change, saar) 1 1 Educational Services Health Care & Social Assistance 1 - - 16 1 Educational Services 16 1 4 4-2 -2-8 1-8 1 1 Health Care & Social Assistance 1 - - Page 17 / January 26, 218 / GDP By Industry

1 1 Figure 18. Quarterly Percent Changes REAL VALUE ADDED: SERVICES-PRODUCING INDUSTRIES (quarterly percent change, saar) 1 1 - - -1-1 Arts, Entertainment, Recreation Accomodations & Food Services -1-1 -2 2-2 2 1 1-1 -2 1 Arts, Entertainment, And Recreation -1-2 1 Q4 - Accomodations & Food Services - -1-1 -1 2 26 27 28 29 21 211 212 213 214 21 216 217-1 Page 18 / January 26, 218 / GDP By Industry

Copyright (c) 218. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on, blog., http://blog. and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, email or website are proprietary to and constitute valuable intellectual property. No material from any part of, blog., http://blog. and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any email and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s emails, website, blog and Apps. Additional information available on request. requests@