Industrial Economics Review, Summer 1980

摘要

The second quarter of 1980 registered the steepest decline in constant dollar GNP since World War II, down 9.6 percent (annual rate) according to revised GNP estimates. While declines in sales, production, and employment were widespread among the various sectors of the economy, the largest by far were in the cyclically sensitive motor vehicle and homebuilding areas. The performance of these industries and of their direct and indirect suppliers was largely responsible for the precipitous drop. The impact fell unevenly upon the various industries as the recession spread. These industry profiles high-light the variations and the interindustry dependence from which, in part, they arise.