{"id":1004161608,"date":"2016-12-12T06:13:02","date_gmt":"2016-12-12T14:13:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161608"},"modified":"2022-12-08T18:01:43","modified_gmt":"2022-12-09T02:01:43","slug":"economy-watch-service-industries-enjoy-3q-revenue-gains","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-service-industries-enjoy-3q-revenue-gains\/","title":{"rendered":"Economy Watch: Service Industries Enjoy 3Q Revenue Gains"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004161612\" style=\"width: 413px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004161612\" data-attachment-id=\"1004161612\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-service-industries-enjoy-3q-revenue-gains\/census-bureau-services-revenue-1016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg\" data-orig-size=\"503,358\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1481533542&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Census Bureau services revenue 1016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Census Bureau&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg?w=503\" class=\"wp-image-1004161612\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg\" alt=\"Source: U.S. Census Bureau\" width=\"403\" height=\"287\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg 503w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg?resize=300,214 300w\" sizes=\"auto, (max-width: 403px) 100vw, 403px\" \/><\/a><p id=\"caption-attachment-1004161612\" class=\"wp-caption-text\">Source: U.S. Census Bureau<\/p><\/div>\n<p>A\u00a0number of service industries, including some that tend to be commercial-space intensive, saw revenue increases during the third quarter, the Census Bureau recently reported, providing another indication that the economy is improving. All together, revenues were up 1.6 percent for the quarter for the industries that the bureau tracks, and 5.3 percent since last year.<\/p>\n<p>Professional, scientific and technical services, as well as the finance and insurance sector, both experienced revenue gains in the third quarter. Their health affects office leasing in a number of markets (such as Boston, San Francisco and Seattle), though it isn&#8217;t a direct correlation. Professional, scientific and technical services saw a revenue increase of 1.2 percent for the quarter and 4.9 percent since third-quarter 2015. The finance and insurance industry enjoyed a revenue bump of 1.3 percent for the quarter and 6.1 percent for the year.<\/p>\n<p>Despite headwinds caused by the strength of the dollar and its impact on exports, transportation and warehousing enjoyed a 2.2 percent increase in revenue for the quarter, but a 1.1 percent drop for the year. Health care suffered a decrease of 1.5 percent in revenue for the quarter, but an increase for the year of 5.4 percent.<\/p>\n<p>The hospitality industry&#8217;s revenues were up 6.3 percent for the quarter and 7.7 percent for the year. Real estate industry revenue saw an increase of 3.6 percent for the quarter, representing a gain of 9.6 percent since the third quarter of 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A number of service industries, including real estate, saw revenue increases during the third quarter, providing another indication of an improving economy. <\/p>\n","protected":false},"author":1023,"featured_media":1004161612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32915],"class_list":["post-1004161608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-united-states-census-bureau"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Service Industries Enjoy 3Q Revenue Gains - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-service-industries-enjoy-3q-revenue-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Service Industries Enjoy 3Q Revenue Gains\" \/>\n<meta property=\"og:description\" content=\"A number of service industries, including real estate, saw revenue increases during the third quarter, providing another indication of an improving economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-service-industries-enjoy-3q-revenue-gains\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-12T14:13:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:01:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Census-Bureau-services-revenue-1016.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"503\" \/>\n\t<meta property=\"og:image:height\" content=\"358\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Service Industries Enjoy 3Q Revenue Gains\",\"datePublished\":\"2016-12-12T14:13:02+00:00\",\"dateModified\":\"2022-12-09T02:01:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/\"},\"wordCount\":252,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/12\\\/Census-Bureau-services-revenue-1016.jpg\",\"keywords\":[\"United States Census Bureau\"],\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-service-industries-enjoy-3q-revenue-gains\\\/\",\"name\":\"Economy Watch: Service Industries Enjoy 3Q Revenue Gains - 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