Real gross domestic product (GDP) by industry, or value added , is a measure of an industry’s contribution to GDP. In the second quarter, value added increased 7.7 percent for private goods-producing industries, 1.0 percent for private services-producing industries, and 1.0 percent for government (table 1). Overall, 13 of 22 industry groups contributed to the 2.1 percent annualized growth rate in real GDP in the second quarter of 2023 (table 2). Comprehensive Updates to the National, Industry, and State Economic Accounts As part of this first-ever synchronization of the national, industry, and state comprehensive updates, updated annual industry GDP estimates for 2017–2022 were released September 28. Today, BEA released the initial results of the 2023 comprehensive update of quarterly GDP by industry. The release includes new estimates for the second quarter of 2023 and revised estimates for the first quarter of 2018 through the first quarter of 2023.…