Computer and electronic products
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Computer and electronic products 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
Industries in the Computer and Electronic Product Manufacturing subsector group establishments that manufacture computers, computer peripherals, communications equipment, and similar electronic products, and establishments that manufacture components for such products. The Computer and Electronic Product Manufacturing industries have been combined in the hierarchy of NAICS because of the economic significance they have attained. Their rapid growth suggests that they will become even more important to the economies of all three North American countries in the future, and in addition their manufacturing processes are fundamentally different from the manufacturing processes of other machinery and equipment. The design and use of integrated circuits and the application of highly specialized miniaturization technologies are common elements in the production technologies of the Computer and Electronic Product Manufacturing subsector. Convergence of technology motivates this NAICS subsector. Digitalization of sound recording, for example, causes both the medium (the compact disc) and the equipment to resemble the technologies for recording, storing, transmitting, and manipulating data. Communications technology and equipment have been converging with computer technology. When technologically-related components are in the same sector, it makes it easier to adjust the classification for future changes, without needing to redefine its basic structure. The creation of the Computer and Electronic Product Manufacturing subsector assists in delineating new and emerging industries because the activities that will serve as the probable sources of new industries, such as computer manufacturing and communications equipment manufacturing, or computers and audio equipment, are brought together. As new activities emerge, they are less likely to cross the subsector boundaries of the classification.
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 increased 0.1 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry increased 1.4 percent.
- Prices increased 1 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 increased 0 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 1.2 percent.
- Costs increased 6.1 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 69.4% 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 Manufacturing sector. Costs associated with this sector decreased -10.8%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Labor | 69.4% | +5.4% |
| Manufacturing | 15.7% | -10.8% |
| Management of Companies and Enterprises | 5.8% | -0.8% |
| Professional, Scientific, and Technical Services | 4.1% | +3.2% |
| Real Estate and Rental and Leasing | 1.7% | -2.7% |
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- As of July 2019, demand for this industry had increased 6.8 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 26.2 percent.
- Costs increased 44.7 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 Private fixed investment sector. This sector accounts for 39.1% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Exports sector, where demand increased 49.7%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Private fixed investment | 39.1% | +49.7% |
| Exports | 16% | +49.7% |
| Personal consumption | 15.6% | +6.4% |
| Manufacturing | 11.9% | +1.6% |
| Public Administration | 3.5% | +5.1% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU334---334---.
- Costs measured from January 2020
- Demand measured from July 2019
