Internet Publishing Industry Revenue Reached $110 Billion in 2014, Credit Card Issuance Revenue Retracted, Census Bureau Reports
Internet Publishing Industry Revenue Reached $110 Billion in 2014, Credit Card Issuance Revenue Retracted, Census Bureau Reports
Service Annual Survey Provides Comprehensive Statistics on Service Industries in U.S. Economy
Jan. 28, 2016 — Revenue for Internet publishing and broadcasting and Web search
portal (NAICS 519130) employer firms increased 13.1 percent to
$109.6 billion between 2013 and 2014. These information sector firms are primarily
engaged in publishing and/or broadcasting content on the Internet exclusively
or in operating websites that use a search engine to generate and maintain
extensive databases of Internet addresses and content in an easily searchable
format. Revenue among wireless telecommunications carriers (NAICS 517210) – another
industry in the information sector – grew 8.0 percent between 2013 and 2014 to
$251.8 billion.
All in all, information sector (NAICS 51) revenue
increased 5.3 percent to $1.4 trillion for employer and nonemployer firms. This
sector is primarily comprised of publishing industries, including software and
Internet publishing, motion picture and sound recording, broadcasting and
telecommunications.
These revenue data come from the Service Annual Survey, which provides the most
comprehensive national statistics available each year on service industry
activity in the United States. Dating from 1982 as an annual survey and last
expanded in 2009, the survey collects data on revenues, expenses, and other
measures from firms in most service industries. Together, these industries
account for approximately 55 percent of the U.S. gross domestic product and had
aggregate revenue of $13.4 trillion in 2014 for employer and nonemployer firms.
Other industries with revenue growth for employer firms between
2013 and 2014 include:
·Revenues in pipeline
transportation of crude oil (NAICS 4861) increased 17.2
percent to $9.2 billion, marking the fifth straight year of 9.0 percent or
greater revenue growth.
·Professional
employer organizations’ (NAICS 561330) revenues went
up 22.8 percent to $135.4 billion. Firms in this industry provide human
resources and human resource management services to client businesses.
·Hazardous waste treatment
and disposal (NAICS 562211) experienced a
23.2 percent surge in revenues (to $8.0 billion).
On the other hand, credit card issuing employer firms (NAICS 522210) saw their revenue
decline 4.2 percent from 2013 to 2014, to $83.6 billion, following a 6.7
percent increase in 2013.
There are a few service industries excluded from the
survey: accommodations and food services (NAICS 72) (currently
captured in the annual retail trade report),
universities (NAICS 611310) and other
selected industries such as rail transportation (NAICS 482).
Other highlights from the service sectors on changes
between 2013 and 2014:
Administrative and Support and Waste
Management and Remediation Services
·Revenue for this
sector (NAICS 56) increased 9.2
percent to $812.4 billion in 2014 for employer and nonemployer firms. This marks
an increase from the revenue growth rates seen in the prior three years.
·Temporary help services
(NAICS 561320) employer revenue
was up 8.1 percent to $136.1 billion in 2014, exhibiting the fifth straight
year of revenue growth.
·Landscaping services
(NAICS 561730) employer revenue
rose 14.3 percent to $63.6 billion in 2014.
Arts, Entertainment and Recreation
·Revenue in the
arts, entertainment and recreation sector (NAICS 71) rose 5.1
percent to $254.5 billion for employer and nonemployer firms.
·Sports teams and
clubs (NAICS 711211) employer revenue
increased 9.0 percent to $26.3 billion in 2014 following an increase of 6.4
percent in 2013.
·Promoters of performing
arts, sports and similar events (NAICS 7113) employer revenue
rose 12.2 percent to $22.3 billion in 2014 after increasing 7.8 percent in
2013.
Educational Services (For Selected
Industries)
·Educational
services (NAICS 6114,
6115, 6116, and 6117)
revenue for employer and nonemployer firms increased 6.1 percent to $66.3
billion in 2014. These industries include business schools and computer and
management training, technical and trade schools, and educational support services.
They exclude elementary and secondary schools, junior colleges, and colleges,
universities and professional schools, each of which is out-of-scope for this
survey.
Finance and Insurance
·Revenue earned
by financial services and insurance providers (NAICS 52) increased 5.3
percent to $4.0 trillion in 2014 for employer and nonemployer firms. This is up
from the 2.8 percent growth rate during the previous year.
·Commercial
banking (NAICS 522110) employer
revenue was $384.0 billion in 2014, showing no significant change from 2013.
·Direct life,
health and medical insurance carriers (NAICS 52411) employer
revenue climbed 8.4 percent to $1.3 trillion in 2014, after increasing 3.8
percent in 2013.
Health Care and Social Assistance
·Health care and social
assistance sector (NAICS 62) revenue
increased 4.7 percent to $2.3 trillion in 2014 for employer and nonemployer
firms.
·After rising 1.8
percent from 2012 to 2013, ambulatory health care services (NACIS 621) employer
revenue climbed 4.3 percent to $864.7 billion in 2014. This subsector includes
health care practitioners not typically providing inpatient services, such as offices
of physicians, dentists, chiropractors, podiatrists and mental health practitioners.
·Employer firm revenue
for hospitals (NAICS 622) rose 5.2
percent to $953.0 billion in 2014, compared with a 3.4 percent rise in 2013.
Information
·Newspaper
publishers (NAICS 511110) saw employer revenue
decline 1.4 percent to $28.1 billion in 2014.
·The television
broadcasting industry (NAICS 515120), which
includes local stations and television networks, experienced a 12.5 percent rise
in employer revenue to $50.4 billion in 2014.
Other Services (Except Public Administration)
·The other
services sector (NAICS 81) saw revenue
increase 7.1 percent to $577.2 billion in 2014 for employer and nonemployer
firms. This sector includes repair and maintenance services; personal and
laundry services; and religious, grant making, civic, professional and similar
organizations.
·Pet
care services (NACIS 812910) employer
revenue rose 13.5 percent to $4.2 billion in 2014, following a 10.0 percent increase
in 2013.
·Grant
making and giving services (NAICS 81321) employer
revenue rose 12.0 percent to $115.6 billion in 2014, showing the fifth
consecutive increase in this industry.
Professional,
Scientific and Technical Services
·Revenue for this
sector (NAICS 54) increased 4.9
percent to $1.7 trillion in 2014, following 1.7 percent growth in 2013 for
employer and nonemployer firms.
·Architectural
services (NAICS 541310) employer revenue
was up 11.3 percent to $31.9 billion in 2014.
·Revenue for this
sector (NAICS 53) rose 7.1
percent to $815.4 billion in 2014 for employer and nonemployer firms.
·Offices of real
estate agents and brokers (NAICS 531210) employer revenue
climbed 10.7 percent to $84.8 billion in 2014.
·Employer revenue
for real estate property managers (NAICS 3131) was up 9.6
percent to $55.6 billion in 2014.
·Employer revenue
for offices of real estate appraisers (NAICS 531320) fell 5.2
percent to $5.4 billion in 2014.
Transportation and Warehousing
·Revenue earned
by this sector (NAICS 48-49), which excludes
rail transportation providers (NAICS 482) and the Postal
Service (NAICS 491), rose 6.8
percent to $937.2 billion in 2014 for employer and nonemployer firms.
·Scheduled
passenger air transportation industry (NAICS 481111) employer
revenue increased 5.3 percent to $174.3 billion in 2014.
·Long-distance
general freight truckload trucking (NAICS 484121) employer
revenue rose 7.3 percent to $101.2 billion in 2014.
Utilities
·Revenue earned
by utilities (NAICS 22), including
providers of electrical power, natural gas, steam supply, water supply and sewage
removal, grew 7.8 percent to $606.4 billion in 2014 for employer and
nonemployer firms. This measure excludes government-owned utilities.
Service sector statistics from the Quarterly Services Survey through third quarter 2015 are also available. The fourth quarter 2015
statistics will be available March 10. The Service
Annual Survey collects operating revenue, sources of revenue, expenses,
exports, inventory, e-commerce and other selected industry-specific data
from a sample of approximately 72,000 service businesses with paid employees.
The survey is supplemented by administrative records data or imputed values to
account for nonemployer and certain other businesses. The Quarterly
Services Survey is a principal economic indicator series that produces, for
selected service industries, quarterly estimates of operating revenue,
percentage of revenue by class of customer and expenses from approximately
19,500 service businesses with paid employees.
-X-
Percent changes quoted in the release are
calculated using estimates rounded to millions as provided in the tables. Also,
note that estimates are not adjusted for price changes.
As is the case with all surveys, statistics from sample
surveys are subject to sampling and nonsampling error. All comparisons made in
this release have been tested and found to be statistically significant at the
90 percent confidence level, unless otherwise noted. Please consult the tables for measures of
sampling variability. For more information about the Service Annual Survey,
including information on confidentiality protection, sampling error,
nonsampling error and definitions, see http://www.census.gov/services/sas/sastechdoc.html.