The 12 Slowest Growing Industries In America

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Photo: Robert Thomson via Flickr

New data out of Sageworks shows an improving picture of U.S. industry. 90-four per cent of the 184 sectors analysed posted growing sales during the twelve months ending September 3, 2011.Leaders include wholesalers sensitive to commodity prices, including metal and mineral wholesalers, which have grown 28%.

Only 11 groups, including building equipment contractors and home builders, continue to fall.

Many are growing at a painfully slow low single-digit rate.

#12: Offices of Dentists - Up 0.15%

Includes health practitioners with the degree of D.M.D. (Doctor of Dental Medicine), D.D.S. (Doctor of Dental Surgery), or D.D.Sc. (Doctor of Dental Science) primarily engaged in the independent practice of general or specialised dentistry or dental surgery.

Source: Census Bureau, Sageworks

#11: Residential Building Construction - Down 0.07%

Includes companies engaged in installing or servicing equipment that form part of a building's mechanical systems, such as elevators, escalators, service station equipment, and central vacuum cleaning systems.

Source: Census Bureau, Sageworks

#10: Building Equipment Contractors - Down 0.09%

Includes establishments responsible for the construction, remodeling and renovation of single-family and multifamily residential buildings.

Source: Census Bureau, Sageworks

#9: Newspaper, Periodical, Book, and Directory Publishers - Down 0.15%

Includes newspapers, magazines, other periodicals, books, directories and mailing lists, and other works, such as calendars, greeting cards, and maps.

Source: Census Bureau, Sageworks

#8: Florists - Down 0.52%

Includes florists primarily engaged in retailing cut flowers, floral arrangements, and potted plants purchased from others.

Source: Census Bureau, Sageworks

#7: Medical and Diagnostic Laboratories - Down 0.54%

Includes medical and diagnostic laboratories primarily engaged in providing analytic or diagnostic services, including body fluid analysis and diagnostic imaging, generally to the medical profession or to the patient on referral from a health practitioner.

Source: Census Bureau, Sageworks

#6: Foundation, Structure, and Building Exterior Contractors - Down 0.84%

Includes contractors who specialize in the basic structure (i.e., foundation, frame, and shell) of buildings. The work performed may include new work, additions, alterations, maintenance, and repairs.

Source: Census Bureau, Sageworks

#5: Building Finishing Contractors - Down 1.89%

Includes contractors that specialize in building finishes. The work performed may include new work, additions, alterations, maintenance, and repairs.

Source: Census Bureau, Sageworks

#4: Nonresidential Building Construction - Down 3.24%

Includes establishments responsible for the construction (including new work, additions, alterations, maintenance, and repairs) of nonresidential buildings.

Source: Census Bureau, Sageworks

#3: Greenhouse, Nursery, and Floriculture Production - Down 4.11%

Includes businesses that grow crops of any kind under cover and/or growing nursery stock and flowers. 'Under cover' is generally defined as greenhouses, cold frames, cloth houses, and lath houses.

Source: Census Bureau, Sageworks

#2: Other Investment Pools and Funds - Down 7.44%

Includes legal entities (i.e., investment pools and/or funds) organised to pool securities or other assets (except insurance and employee-benefit funds) on behalf of shareholders, unit holders, or beneficiaries.

Source: Census Bureau, Sageworks

#1: Land Subdivision - Down 13.28%

Includes businesses that service land and subdivide real property into lots, for subsequent sale to builders. Servicing of land may include excavation work for the installation of roads and utility lines.

Source: Census Bureau, Sageworks

At the same time these industries slowed, others took a beating in the market.
Click here to see which sectors lost the most during the third quarter >

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