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The U.S. Bureau of Economic Analysis (BEA) | Press Release: Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014 after increasing 2.6 percent in the fourth quarter of 201.

Real gross domestic product (GDP) decreased at an annual rate of 2.9 percent in the first quarter of 2014 after increasing 2.6 percent in the fourth quarter of 2013. Both private services- and goods-producing industries contributed to the decrease, while the government sector increased slightly. Durable-goods manufacturing; wholesale trade; and agriculture, forestry, fishing, and hunting were the leading contributors to the decrease in GDP. Overall, 16 of 22 industry groups contributed to the 2.9 percent decrease in U.S. economic activity. The full text of the release on BEA's Web site can be found at  www.bea.gov/newsreleases/ industry/gdpindustry/ gdpindnewsrelease.htm  

U.S. Department of Commerce | Bureau of Economic Analysis: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis

Lisa S. Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov Kate Shoemaker: (202) 606-5564 (Profits) cpniwd@bea.gov Jeannine Aversa: (202) 606-2649 (News Media)     National Income and Product Accounts Gross Domestic Product: First Quarter 2014 (Second Estimate) Corporate Profits: First Quarter 2014 (Preliminary Estimate)    Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to the "second" estimate released by the Bureau of Economic Analysis . In the fourth quarter, real GDP increased 2.6 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance