Friday, January 20, 2012

Sales Growth for Nine Industrial Sectors

The graph below was created using Google’s chart tools.

The vertical bar graph shows the relative increase in sales growth for 9 industry sectors over the period 1997 to 2007.

An interesting observation is how much the professional and technical services sector increased in sales from 1997 to 2007. The increase was much greater than 1,000 % (almost 8,000 %). Some conclusions from this great increase might be how important the provision of professional and technical services as a unique organizational activity is becoming to the United States economy. Both the increase in numbers of trained and capable providers and the demand for such services increased at a rapid rate from 1997 to 2007. Professional and technical services apparently are becoming a much more important and needed United States (and world) economic activity.

Related to this is that health care was the next sector with the highest percentage of sales growth.

The graph is based on US Census Bureau data. This data can be accessed by clicking here.

Percentage Growth in Sales for Nine Industry Sectors from 1997 to 2007

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