Real gross domestic product (GDP) decreased 0.2% in June, following a 0.2% increase in May. Both services-producing industries (-0.2%) and goods-producing industries (-0.4%) contracted in June with 12 of 20 industrial sectors posting decreases. After being one of the largest contributors to growth in May, wholesale trade (-3.0%) was the largest contributor to the decline in June as higher levels of activity observed across multiple subsectors in May were not sustained through June. In total, seven of nine subsectors decreased in the month. Machinery, equipment and supplies wholesalers contributed the most to the ... (full story)