Waltham, MA, 15 May 2008 - Global Insight, the world's leading company for economic and financial analysis and forecasting, has released a new study "The U.S. Recession: Industry Winners and Losers," which quantifies the impact of the 2008 recession on the 100-most-important manufacturing, mining and service industries in the United States and ranks them in order of growth from 2007 through 2010.
The recession has spread beyond housing and housing-related industries, as credit tightens and spending power is squeezed by rising energy and commodity prices. This new study presents insightful analysis on the top 40 U.S. industries, discussing their market drivers, contrasting their performance with previous periods of recession and recovery, and highlighting their vulnerabilities and capacity for recovery.
While the industries negatively impacted early in the cycle are predictable, e.g., the real estate and home building sectors, the study has found some hidden "winners," including export-focused industries within manufacturing, where farm machinery, oil field machinery and aerospace present bright spots. Although consumer spending has slowed, some types of retailers actually benefit. As another example, rising commodity prices, which increase food costs and are hard on consumers, provide a positive outlook for farmers and manufacturers of farm equipment.
Here is a brief look at the Winners and Losers through 2010:
- 2008 Winners: Energy Related Machinery Manufacturing, Aircraft Manufacturing and Internet Retailers.
- 2008 Losers: Residential Construction, Real Estate and Wood Products.
- 2009 Winners: Heavy Duty Truck Manufacturing, Aircraft Manufacturing, and Power and Transmission Equipment Manufacturing.
- 2009 Losers: Nonresidential Construction; Architectural and Engineering Services and Tobacco Manufacturing.
- 2010 Winners: Residential Construction, Aircraft Manufacturing and Real estate.
- 2010 Losers: Heavy Duty Truck Manufacturing, Apparel Manufacturing and Tobacco Manufacturing.
Frantz R. Price, managing director of Global Insight's Industry Practices stated, "It is rare that there are ever true 'winners' when the economy slips into recession, but not all industries are affected alike and not all pain is distributed equally. A business's ability to respond to this challenging environment in a strategic and timely manner differentiates between success and failure."
For more information and an executive summary of the study, "The U.S. Recession: Industry Winners and Losers," please visit: www.globalinsight.com/usrecession-industrystudy
Contact:
Frantz Price, Mgng Dir, Industry Practices
Global Insight +1 610.490.2676 (frantz.price@globalinsight.com)
Jim Dorsey, Sr Mgr Media Relations
Global Insight +1 781.301.9069 (jim.dorsey@globalinsight.com)
About Global Insight
Global Insight, Inc. (http://www.globalinsight.com/) is a privately held company that brought together the two most respected economic information companies in the world, DRI and WEFA. Global Insight provides the most comprehensive economic and financial information available on countries, regions and industries, using a unique combination of expertise, models, data and software within a common analytical framework to support planning and decision-making. Through the world's first same-day analysis and risk assessment service, Global Insight provides immediate insightful analysis of market conditions and key events around the world, covering economic, political, and operational factors. The company has over 3,800 clients in industry, finance, and government with revenues in excess of $105 million, over 675 employees and 25 offices in 14 countries covering North and South America, Europe, Africa, the Middle East, and Asia.
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