July 21, 2016
Construction; health care and social assistance; and retail trade were the leading contributors to the increase in U.S. economic growth in the first quarter of 2016. Overall, 11 of 22 industry groups contributed to the 1.1 percent increase in real GDP in the first quarter.
- Construction increased 9.0 percent in the first quarter, after increasing 7.6 percent in the fourth quarter.
- Health care and social assistance increased 3.8 percent, after increasing 2.1 percent.
- Retail trade increased 4.8 percent, after increasing 0.3 percent.
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