Digital Economy 2003
After two years of retrenchment, IT-producing industries now show signs of resuming the dynamic role they played during 1996–2000.
• Evidence through the third quarter suggests that in 2003 IT-producing industries, which supply about 8 percent of GDP, will contribute about 0.8 percentage points of the estimated 2.9 percent rate of real U.S. economic growth.
• Performance varies by sector. IT service industries, which grew, though at a reduced rate, during 2001–2002, continued to grow at a moderate pace during 2003. Computer and semiconductor manufacturers are rebounding from major losses suffered in 2001–2002, but communications equipment makers show continued weakness.
