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IBISWorld Announces Industries To Perform Best in 2009

The recession is crippling businesses across the nation, but several industries will remain unscathed by the current economic strife, according to recent Recession Updates published by industry research firm IBISWorld. As one of the nation’s most respected independent publishers of business intelligence research reports, IBISWorld today announced the top 10 industries expected to have the largest revenue growth in 2009:

1. Voice Over Internet Protocol Providers (VoIP) 20.1 percent
2. ecommerce & Online Auctions 12.6 percent
3. Biotechnology 10.3 percent
4. Engine, Turbine & Power Transmission Equipment Manufacturing 10.0 percent
5. Scheduled Bus Service 9.2 percent
6. Court Reporting Services 7.7 percent
7. Community Housing Services 7.5 percent
8. Search Engines 6.5 percent
9. Family Counseling 6.1 percent
10. Video Games 5.8 percent

“Emerging industries remain well represented and continue to benefit from technological innovation and cost advantages,” explained George Van Horn, senior analyst with IBISWorld. “Unfortunately, the impact of the recession is equally pronounced among sectors directly benefitting from the social and financial stress associated with the downturn.”

While only five percent of all U.S. industries are fortunate enough to be positively impacted by the recession, IBISWorld research estimates that nearly 60 percent of all industries are negatively impacted or worse.

About Recession Updates
On January 15, 2009, IBISWorld published a set of Recession Updates on its website that includes quarterly forecasted growth, an in-depth look at the shifting business landscape and its immediate repercussions on each U.S. industry. Also published was a macroeconomic recession briefing, entitled Economic Crisis: When Will It End?, created by the company’s senior analysts and Chief Economist, Dr. Richard Buczynski.

For more information visit ibisworld.com