Real gross domestic product (GDP) contracted 0.3% in August, offsetting most of July's 0.3% expansion, with decreases in goods-producing and services-producing industries.
Goods-producing industries declined 0.6% in August, marking this aggregate's fifth contraction since the beginning of the year. Services-producing industries edged down 0.1%, marking this aggregate's first decline in six months, driven by contractions in transportation and warehousing and in wholesale trade.
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