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Gross domestic product by industry, July 2022
Real gross domestic product (GDP) edged up 0.1% in July, after a similar increase in June (+0.1%). Growth in goods-producing industries (+0.5%) was partially offset by a decline in services-producing industries (-0.1%), with 11 of 20 industrial sectors increased in July. Advance information indicates that real GDP was essentially unchanged in August. Increases in retail and wholesale trade, as well as in agriculture, forestry, fishing, and hunting were offset by decreases in manufacturing and oil and gas extraction. Owing to its preliminary nature, this estimate will be updated on October 28 with the release of the ... (full story)