Monday, April 4, 2011

Want to know what has happened to our economy? Here's an answer.

America's dying industries: List of top 10 declining business revealed
By Daily Mail Reporter
It is a telling snapshot of how our lives, and what we buy, have changed over the last 10 years.

A list of the top 10 declining U.S. industries was revealed today - and it's as varied as it is predictable, encompassing everything from garment manufacturing to video post production.

While traditional manufacturing features heavily, more modern businesses such as DVD and computer game rental have also succumbed to the inevitable march of technological progress.

The report by business consultants Ibis World shows 10 industries that are in the decline phase of their life cycle.

It will make bleak reading for President Obama as he today launched his campaign for re--election.

The report highlights the industries that, during the 10 years from 2000 to 2010, experienced a sizeable contraction in revenue.

To be in the list of 10, they also needed to forecast further deterioration for revenue growth and establishments over the five years to 2016.
There is more to the story but here are the top ten.

  • Manufactured Home Dealers
  • Record Stores
  • Photofinishing
  • Wired Telecommunications Carriers
  • Apparel Manufacturing
  • Newspaper Publishing
  • DVD Game and Video Rental
  • Mills
  • Formal Wear and Costume Rental
  • Apparel Manufacturing
Read the whole story here.

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