Wholesale trade; mining; and information were the leading contributors to the increase in U.S. economic growth in the fourth quarter of 2018. According to gross domestic product (GDP) by industry statistics released by the Bureau of Economic Analysis, 15 of 22 industry groups contributed to the overall 2.2 percent increase in real GDP in the fourth quarter.
For the wholesale trade industry group, real value added—a measure of an industry’s contribution to GDP—increased 9.1 percent in the fourth quarter, after increasing 7.4 percent in the third quarter.
Mining increased 38.0 percent in the fourth quarter, after no increase in the third. This was the largest increase since the fourth quarter of 2008 and primarily reflected an increase in oil and gas extraction.