Real gross domestic product (GDP) was essentially unchanged in November, following a 0.3% decline in October, as contractions in goods-producing industries offset expansions in services-producing industries.
Agriculture, forestry, fishing and hunting contracts for the second consecutive month
The agriculture, forestry, fishing and hunting sector declined 1.1% in November, following a 0.6% decrease in October, as nearly all subsectors were down in November. Crop production (except cannabis) (-1.3%) was the largest contributor to the back-to-back monthly contractions in October and November, driven by declines in other grains and wheat crops.
Forestry and logging (-2.8%) declined for the third straight month in November. This was the subsector’s largest contraction since May 2023, bringing activity to a record low level, as timber harvesting companies scaled back production in response to sawmill production cutbacks and weak lumber markets.
Full report: The Daily — Gross domestic product by industry, November 2025