The real gross domestic product (GDP) was essentially unchanged in December following six consecutive months of growth.
Growth in services-producing industries (+0.1%) was offset by a decline in goods-producing industries (-0.1%), as 14 of 20 industrial sectors increased in December.
Advance information indicates a 0.2% increase in real GDP in January, 2022. Leading the growth were retail, construction, finance and insurance as well as the professional, scientific and technical services sector. Notable decreases were in manufacturing, mining, quarrying, and oil and gas extraction as well as client-facing services industries and air transportation services due to continued public health restrictions put in place in late 2021. Owing to its preliminary nature, this estimate will be updated on March 31 with the release of the official GDP data for January 2022.
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