Annual industry accounts: revised statistics for 2009-2011

The Bureau of Economic Analysis (BEA) released revised statistics on real GDP by industry for 2009-2011 on Nov 13, 2012, reflecting the incorporation of newly available and revised source data. The revised statistics incorporate more accurate and more detailed information on the industry composition...

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Bibliographic Details
Published in:Survey of Current Business 2012-12, Vol.92 (12), p.14-36
Main Authors: Washington, Patricia A, Bellone, Jeff M, Jacobson, Anna M, Lee, Jennifer
Format: Article
Language:English
Subjects:
Censuses
Commodities
Company business management
Economic development
Economic indicators
Economic statistics
GDP
Gross Domestic Product
Incorporation
Insurance industry
International economic relations
Manufacturing
National income
National income and product accounts
NIPA
Profits
Retail industry
Retail trade
Retailing industry
Revisions
Statistics
Surveys
United States
Value added
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Summary:The Bureau of Economic Analysis (BEA) released revised statistics on real GDP by industry for 2009-2011 on Nov 13, 2012, reflecting the incorporation of newly available and revised source data. The revised statistics incorporate more accurate and more detailed information on the industry composition of GDP growth than was previously available for the advance 2011 statistics released on Apr 26, 2012. In particular, these updated statistics incorporate revised and newly available Census Bureau annual survey data on industry output, Bureau of Labor Statistics data on producer prices, and BEA statistics on GDP and related income measures from the 2012 annual revision of the national income and product accounts. Real GDP growth slowed in 2011, increasing 1.8% after increasing 2.4% in 2010. The leading contributors to the deceleration in US economic growth were retail trade, followed by durable-goods manufacturing, according to revised statistics on the breakout of real GDP by industry. Adapted from the source document.
ISSN:0039-6222
1937-4534