While growth in the capital goods sector remained positive in 2001 as a whole , growth in the intermediate goods sector was negative .

As wages in the tradable goods sector are driven up by productivity growth , wages in the non tradable sector will tend to increase as well .

Growth was primarily driven by non traded services and goods for the domestic market, as opposed to oil or mineral extraction and exports.

The banking sectors have been considerably strengthened through large scale privatisation of state owned banks and extensive opening up to foreign investors , 7 The Balassa Samuelson effect occurs if productivity growth is faster in the tradable than in the non tradable sector , resulting in a rise in the relative price of non tradables .

Conversely , low 3 The BS effect explains that prices of non tradable goods normally rise faster than prices in the tradable goods sector because productivity growth is normally lower in the non tradable goods sector .

The decline of output in industry ( excluding construction and energy ) started in the first quarter of 2001 and was initially due to declines in the intermediate goods sector and in the consumer goods sector ( see Table 7 ) . In the second quarter a decline in the capital goods sector reinforced the decline in overall production .

The banking and financial sector Accession countries have made major progress over the past decade in establishing well capitalised and sound banking sectors , although there remain a number of transitional issues , which would need careful monitoring .

Look more closely, however, and you will discover that these countries vaunted growth models cannot possibly be replicated everywhere, because they rely on large external surpluses to stimulate the tradable sector and the rest of the economy.

The question is whether this performance can be sustained. So far, growth has been driven by a combination of external resources (aid, debt relief, or commodity windfalls) and the removal of some of the worst policy distortions of the past.

Price rigidities are more widespread in the services sector than in the goods sector , and they tend to be higher on average in the euro area than in the United States .

In addition , low interest rates probably also supported the stronger rise in output in the durables sector .

In the second half of 2009 output recovered more quickly in the intermediate goods sector and in the car industry ( see Chart 34 ) .

The subsequent decline in industrial raw materials prices on world markets , together with the appreciation of the euro , dampened price developments in many parts of the intermediate goods sector .

A rise in productivity in the tradable goods sector will tend to drive up wages in this sector and , as labour is assumed to be mobile across sectors , push up wages in the non tradable sector . As the latter increase is not matched by a productivity increase , it will raise costs and thereby prices in the non tradable goods sector .

As the manufacturing 75 75 2009 2005 2006 2007 2008 sector produces and consumes large volumes of Source CPB . intermediate goods , there was also a magnification Notes Euro area exports correspond to both intra and extra euro effect via trade in intermediate goods .

For this reason, the U.S.

Although the service sector, which accounts for the majority of employment, is holding up relatively well, the country s output of tradable goods, many of which are produced for export, is weakening sharply.

As the latter wage increases are not matched by productivity gains , labour costs and prices will increase faster in the non tradable goods sector .

In January 2001 Eurostat first published estimates of value added by main sector of activity .

Table B Definitions of sectors Sector Definition

Securities issuing sector .

It's more expensive to transport goods. Prices of goods go up, inflation is affected.

And who knows? Somebody will license this technology and develop marketable products, and she would get revenue.

There are changes in the IF sector when an institution joins the IF sector or when an existing IF leaves the IF sector .

There are changes in the IF sector when an institution joins the IF sector or when an existing IF leaves the IFs sector .

A large part of the goods and services which will be added to the HICP are provided by the government sector . In general the participation in such surveys is on voluntary basis .

resilience of global imbalances contributed to attenuating the strength of economic activity in the course of the year .

This seems to reflect the effect of competition in the tradable goods sector , especially in the context of a Single Market with a single currency .

The financial sector in the accession countries is largely dominated by the banking sector .

In other words, Europe s decision makers ultimately overlooked the basic requirements of a monetary union in a heterogeneous economic area

Personal properties The confiscation of Jewish property gave Göring the opportunity to amass a personal fortune.

Breakdown by durability durable goods , semi durable goods , non durable goods , services .

Table Definitions of sectors Sector Definition

One important argument in this respect is that consumers may attach higher importance to the development of prices of goods and services that they buy more frequently .

Liberty is one of imagination's most precious possessions.

Capital goods get their value from the final products.

This dimension indicates the sector of the reporting institution within the OFI sector .

This dimension indicates the sector of the reporting institution within the IF sector .

Wage increases in industry became somewhat more moderate , but increased in the more sheltered services sector .

Some interpret the mark as a requirement for all commerce to mean that the mark might actually be an object with the function of a credit card, such as RFID microchip implants.

With prices in the tradable goods sector set internationally , countries with high productivity growth differences between sectors will tend to see a larger increase in the overall price index .

Under these procedures , the lodging of the customs declaration may therefore be dissociated both from the place of entry or exit and examination of the goods and from the place of final destination of imported goods or the place of actual dispatch of goods to be exported .

The services sector is by far the largest economic sector in the euro area .

goods

on export , the goods code of the Combined Nomenclature subheading