Real gross domestic product rose 0.6% in January, a fourth consecutive monthly increase. Manufacturing, retail trade, and mining, quarrying, and oil and gas extraction were major contributors to growth in January.
The output of goods-producing industries grew 1.2% in January, mainly as a result of increases in manufacturing and mining, quarrying, and oil and gas extraction. Utilities, construction, and the agriculture and forestry sector also rose.
The output of service-producing industries rose 0.4%, a fourth consecutive monthly gain. Notable increases were posted in retail trade, the finance and insurance sector, the public sector (education, health and public administration combined) as well as transportation and warehousing services. In contrast, wholesale trade and the arts, entertainment and recreation sector declined.
Following a 1.1% gain in December, manufacturing output expanded 1.9% in January.
Durable-goods manufacturing rose 2.6% in January, after expanding 1.2% in December and 0.9% in November. Gains were notable in the manufacturing of motor vehicles and parts, fabricated metal products, and non-metallic mineral products in January. In contrast, machinery manufacturing decreased.
After rising 1.0% in December, non-durable goods manufacturing grew 1.1% in January, mainly as a result of gains in food manufacturing. Conversely, the manufacturing of beverage and tobacco products as well as chemicals declined.
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