12/02/2021

Gross Domestic Product by Industry, 2nd quarter, 2015

Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015, according to statistics on the breakout of gross domestic product (GDP) by industry released today by the Bureau of Economic Analysis (BEA). Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter.

  • Finance and insurance real value added—a measure of an industry’s contribution to GDP—increased 12.4 percent in the second quarter, after decreasing 3.8 percent in the first quarter. The second quarter growth primarily reflected an increase in Federal Reserve banks, credit intermediation, and related activities.
  • Professional, scientific, and technical services increased 7.6 percent, after increasing 4.4 percent, primarily reflecting an increase in miscellaneous professional, scientific, and technical services, which includes industries like architectural and engineering services; scientific research and development services; and management consulting services.
  • Wholesale trade increased 8.4 percent, after decreasing 1.0 percent.
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