We also use our IT intensity index to estimate industry-specific elasticities of substitution between IT and non-IT intensive labor, finding values of 1.6 in manufacturing and 1.3 in services.
We note Willis recently estimated industry losses of $1.1bn-1.8bn 1.1bn-1.8bn
The estimated industry average for personal computer shipments is 16.0%.
Online gambling, now $9.8 billion a year, will grow an average 13% annually through 2010, estimates industry tracker Christiansen Capital Advisors.
Watanabe in March estimated industry sales in the U.S. at 10 million vehicles in 2009, 6 million fewer than two years ago.
Beemer estimates industry same-store sales growth at 1.8% from the 2006 holiday season, which would be the weakest in 10 years.
In the Bahamas, insurers and reinsurers estimated industry insured losses at about $300 million (2004 dollars).
On a global level, prices for consumer electronics continue to fall, which is affecting total estimated industry sales figures.
But 2010 still came in as the third best year for hedge fund pay since AR began estimating industry compensation in 2001.
Same-store sales were down 0.2% in the second quarter, but is better than the estimated industry-wide average decline of 5.3%.
