Broadcasting and telecommunications
Industry profile, February 2020
Sections: Description | Pricing | Costs | Demand | Appendix
This page is an industry profile for the Broadcasting and telecommunications 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 Broadcasting (except Internet) subsector include establishments that create content or acquire the right to distribute content and subsequently broadcast the content. In addition, industries in the Telecommunications subsector group establishments that provide telecommunications and the services related to that activity (e.g., telephony, including Voice over Internet Protocol (VoIP); cable and satellite television distribution services; Internet access; telecommunications reselling services).
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 1.3 percent since the previous quarter.
- From January 2019 to January 2020 prices in this industry decreased 2.8 percent.
- Prices increased 4.8 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 decreased 0.1 percent since the previous quarter.
- From January 2019 to January 2020 costs in this industry increased 0.8 percent.
- Costs increased 6 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 Information sector. This sector accounts for 31.1% 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 Real Estate and Rental and Leasing sector. Costs associated with this sector increased 6.7%.
| Sector Name | Percentage of Costs | Annual Percent Change 4 |
|---|---|---|
| Information | 31.1% | -0.7% |
| Labor | 20.3% | +1.7% |
| Manufacturing | 14.4% | +0.8% |
| Professional, Scientific, and Technical Services | 12.7% | +0.3% |
| Real Estate and Rental and Leasing | 5.7% | +6.7% |
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- As of July 2019, demand for this industry had increased 2 percent since the previous quarter.
- From July 2018 to January 2020 costs in this industry increased 5.2 percent.
- Costs increased 16.4 percent in the five year period starting in July 2014 and ending in July 2019.
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- The sector that contributes the most to this industry's demand is the Personal consumption sector. This sector accounts for 44.4% of the industry's overall demand.
- From January 2019 to January 2020, the largest change in demand for this industry was from the Private fixed investment sector, where demand increased 46.5%.
| Sector Name | Percentage of Demand | Annual Percent Change 6 |
|---|---|---|
| Personal consumption | 44.4% | +3% |
| Information | 15.2% | +1.1% |
| Private fixed investment | 7.2% | +46.5% |
| Public Administration | 6.8% | +1.5% |
| Wholesale Trade | 3.4% | -0.4% |
- Pricing measured from January 2020.
- The BLS PPI used for this industry is PCU515---515---.
- Costs measured from January 2020
- Demand measured from July 2019
