Friday, 24 August 2007

Communications sector doesn't even match GDP growth

Re: the post below, of course, the total number of households has increased - marginally - so the revenues of the total Communications industry have increased from £47.6 billion in 2004 to £50.4b in 2006.

But, again, this is a "Classic Holway" chart. You will remember that in my 2002 Prince's Trust "IT's all over now?" speech I predicted that the whole ICT industry was unlikely to grow at anything in excess of GDP. If you take Ofcom's figures for the whole commucations sector - Radio, TV and Telecoms - and revert to real growth (ie strip out inflation) you will see that the sector hasn't even matched GDP growth in the last year.

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