After scrolling through the archives of the ample data sets the U.S. Bureau of Economic Analysis have, I did some reconfiguring of the data of gross output by industry. The data set showed 15 industries with many sub-industries gross output on a yearly basis from 2006 to 2014; I assume the reported data was on each fiscal year. I present a simple data set of the 15 major industries presented by the U.S. Bureau of Economic Analysis, then reported the difference of each industry during the financial crisis that I deemed between the data points of 2008-2009, then reported the difference of each industry from 2009’s bottom to 2014. This data set should show which industries were effected the most by the financial crisis, then which industries have recovered the most.

Here is the presented data set: Economic Statistics By Industry

Data Summary

The Top 5 Industries Impacted from 2008-2009

1. Mining (36% loss of gross output)
2. Utilities (21% loss of gross output)
3. Manufacturing (18% loss of gross output)
4. Wholesale Trade (17% loss of gross output)
5. Transportation and Warehousing (15% loss of gross output)

Top 3 Industries Gained from 2008-2009

1. Educational Services (6% gain of gross output)
2. Healthcare and Social Assistance (5% gain of gross output)
3. Federal Government (5% gain of gross output)

Top 5 Industries Gained from 2009-2014

1. Mining (80% gain of gross output)
2. Wholesale Trading (46% gain of gross output)
3. Management of companies and enterprises – subdivision of Professional and Business Services (45% gain of gross output)
4. Manufacturing & Transportation and Warehousing (46% gain of gross output)
5. Agriculture, Forestry, Fishing, and Hunting (36% gain of gross output)

Top 4 Lagged Industries from 2009-2014

1. Federal Government (2% gain of gross output)
2. Utilities (6% gain of gross output)
3. Construction (12% gain of gross output)
4. Finance and Insurance (16% gain of gross output)

The Commentary

May I remind you that gross output is the equivalent to gross domestic product or GDP. GDP is the most comprehensive measure of production which measures all final goods and services measured in for this instance, the United States. The job of this article is to analyze a selected amount of industries’s gross outputs and use them as variables against the selected industries’ performances in the financial markets.

The Hypothesis & Questions

There is a correlation between government issued investments and government gross product measurement.

Why did the mining industry perform as the best industry from 2009-2014 and yet be mainly an under-performer in the financial markets?

Does this data hold true for other financial crises and their subsequent market expansion?

This is only the beginning of a pursuit into a deeper understanding of economic data presented by the U.S. Bureau of Economic Analysis, and further research is yet to be done.