Utilities
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Utilities industry. It provides a general economic overview of recent developments in the industry. This includes information on industry pricing, costs, and demand. Below you will find a description of what type of business establishments are included in this industry. For information on how to best utilize this industry profile please visit our Business Solutions.
Industry Description
The Utilities sector comprises establishments engaged in the provision of the following utility services: electric power, natural gas, steam supply, water supply, and sewage removal. Within this sector, the specific activities associated with the utility services provided vary by utility: electric power includes generation, transmission, and distribution; natural gas includes distribution; steam supply includes provision and/or distribution; water supply includes treatment and distribution; and sewage removal includes collection, treatment, and disposal of waste through sewer systems and sewage treatment facilities.
This industry description was sourced from the North American Industry Classification System.
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- As of January 2020, prices in this industry had decreased 7.6 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 4 percent.
- Prices increased 5.4 percent in the five year period starting in January 2015 and ending in January 2020.
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- As of January 2020, costs in this industry had 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry decreased 1.3 percent.
- Costs increased 15 percent in the five year period starting in January 2015 and ending in January 2020.
For details on which industries are included in each sector, click here
- The largest cost for this industry is purchases made to the Labor sector. This sector accounts for 34.6% of the industry's overall costs.
- From January 2019 to January 2020, the largest change in costs for this industry were costs associated with purchases to the Mining, Quarrying, and Oil and Gas Extraction sector. Costs associated with this sector decreased -7.1%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 34.6% | +1.1% |
| Mining, Quarrying, and Oil and Gas Extraction | 16% | -7.1% |
| Manufacturing | 11.2% | +0.2% |
| Utilities | 9% | -4.2% |
| Professional, Scientific, and Technical Services | 5.7% | -1.9% |
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- As of July 2019, demand for this industry had increased 0.6 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry decreased 0.6 percent.
- Costs decreased 6.3 percent in the five year period starting in July 2014 and ending in July 2019.
For details on which industries are included in each sector, click here
- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 42.9% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Real Estate and Rental and Leasing sector, where demand increased 1.8%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 42.9% | -1.4% |
| Real Estate and Rental and Leasing | 16.3% | +1.8% |
| Manufacturing | 8.7% | -0.7% |
| Wholesale Trade | 6.4% | -1.7% |
| Retail Trade | 5.2% | +0.7% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU221---221---.
- Costs measured from January 2020
- Demand measured from July 2019
