Service Sector Driving Growth

 

Dec. 11, 2006 -- Growth in the service sector drove the nation's economic expansion in 2005, according to new data released by the Commerce Department on Monday.

Information, professional services, and retail trade accounted for fully half of the 3.2 percent growth in real GDP last year, compared to just one-seventh by manufacturing, the report said.

While the service sector grew by 3.7 percent in 2005, manufacturing grew by only 2.1 percent, the report said.


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