Real gross domestic product (GDP) was essentially unchanged in August, following a 0.1% increase in July.
The services-producing industries edged up 0.1% in August, driven in large part by increases in the finance and insurance and the public administration sectors. Goods-producing industries (-0.4%) reached its lowest level since December 2021, with the manufacturing and utilities sectors causing the decline within this aggregate. Overall, 12 of 20 sectors expanded in August.
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