Multiple industries contributed to 2010 upturn in U.S. economic growth
April 26, 2011,
Durable-goods manufacturing and retail trade were among the leading contributors to the upturn in U.S. economic growth in 2010, according to preliminary statistics on the breakout of real gross domestic product by industry from the Bureau of Economic Analysis (Dept. of Commerce).
The economic recovery was widespread: 20 of 22 industry groups contributed to real GDP growth.
Retail trade value added grew 5.2% in 2010, reflecting increased consumer purchases following two consecutive years of contraction.
Information/communications/technology-producing industries increased 16.3% in 2010, returning to double-digit growth for the first time since 2005.
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