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Gross domestic product by industry, April 2023
Real gross domestic product (GDP) was essentially unchanged in April, following a slight uptick in March (+0.1%). Goods-producing industries edged up 0.1%, whereas services-producing industries (0.0%) were essentially unchanged. Overall, 11 of 20 industrial sectors posted increases. Mining, quarrying, and oil and gas extraction (+1.2%) grew in April as all subsectors were up. This was the fourth consecutive month of growth in the sector. The oil and gas extraction subsector rose 0.8% in April. This is the first time since the fall of 2021 that the subsector increased in at least four consecutive months. Oil and gas ... (full story)