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Gross product by industry, 1983.

The recovery in real GNP in 1983--a 3.4 percent increase, following a decrease of 1.9 percent in 1982--was largely attributable to manufacturing, wholesale trade, and retail trade (table 1). These industries, plus construction, had the largest percentage increases in 1983. Finance, insurance, and real estate as well as services increased about the same amount in both years, and government and government enterprises changed little in both years. Agriculture, mining, and the "rest of the world" decreased, as they had in 1982.

Prices as measured by the GNP implicit price deflator increased by 4.2 percent in 1983, following an increase of 6.0 percent in 1982. There were substantial decelerations in the increases in construction, manufacturing, and retail trade. In contrast, the deflator for agriculture increased moderately following a decrease.

The industry estimates for 1983 as well as those for 1981-82 will be revised as part of the annual revision of the national income and product accounts. The revised estimates will appear in the July 1984 SURVEY OF CURRENT BUSINESS in tables 6.1 (current dollars), 6.2 (constant dollars), and 7.22 (implicit price deflators).
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Author:Peterson, Milo O.
Publication:Survey of Current Business
Date:Apr 1, 1984
Words:188
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