What are industry statistics?
Industry statistics are data compilations taken from many companies. Companies are grouped into defined industries by a primary product or activity such as refreshment or medical service. The collected data is used to introduce an average trend for each industry in a number of areas, including gross sales and raw material costs. Industry statistics use companies as a scale to assess individual performance. The required power level is usually on or above the industry diameter. For example, the potato chorus manufacturer can be classified into the general production industry and the sub -sector of food production. Industry statistics for the main and subsector of industries will include data obtained from individual potato chips manufacturer. Statistics for these industries will include data obtained from direct and indirect competitors. Direct competitor may include a company that produces another brand of potato chips, while notThe competitor may include cookies and cookies.
The data that is obtained from all companies participating in the main activity of the industry are observed to summary or average data. This average value is an industrial trend. Industry statistics can be displayed as percentages or numerical numbers. These statistics provide investors and analysts with an overview of how a specific industry works as a whole. Analysts can see the averages to get an idea of how one industry compared to another, as well as how the sub -sector compares to the overall industry category.
individual companies often use industrial statistics as a way of identifying strengths and weaknesses. For example, if an average industrial worker reports 40 hours per week and the company's average employee enters 50 hours per week, which could mean the need for restruffralization of work duties. Similarly, comparing average injuries related to industry -specific work with data specific to companies can help identify the need for potential security improvements.
Personnel areas that are usually represented in industry statistics include average compensation, new openness of jobs, layoffs, hiring and termination of activities and unemployment rate. The data is collected on types of jobs available in each industry and how many individuals are employed in each position. Product or services prices are compiled, including percentage changes.
types of companies listed in each industry are also included in the industrial overview. The number of private companies versus government agencies, along with a number of workers who work for each type, is compared. Substaticics -Sector often contain the same categories.