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Revenue Grew in Most Service Sectors in 2011, Census Bureau Reports

“The U.S. Census Bureau today released its 2011 Service Annual Survey, which shows 10 of the nation’s 11 service sectors had an increase in revenues for employer firms between 2010 and 2011. The finance and insurance sector continued to be the only sector to show a year-to-year decline in revenue, which edged down by $35.0 billion to $3.3 trillion for 2011. The Service Annual Survey provides the most comprehensive national statistics available annually on service activity in the United States. In 2009, the survey was expanded to collect data for all service industries, capturing 55 percent of U.S. gross domestic product (GDP). The 2011 Service Annual Survey provides another year of estimates that can used to evaluate the performance of service sectors after the most recent recession.”

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