“Today the U.S. Census Bureau released additional data from the 2012 Economic Census Industry Series reports, including new data for the finance sector on nondepository credit intermediation. These new data showed that:
- Total nondepository credit intermediation (NAICS code 5222) revenue was $564.5 billion in 2012, an increase of 10.0 percent from the $513.3 billion in revenue generated in 2007.
- The credit card issuing industry (NAICS code 52221) accounted for 18.8 percent ($106.3 billion) and the sales financing industry (NAICS code52222) accounted for 14.9 percent ($84.0 billion) of the $564.5 billion in revenue in 2012. The remaining 66.3 percent ($374.2 billion) was generated by other nondepository credit intermediation (NAICS code 52229), which includes consumer lending, real estate credit, international trade financing, secondary market financing, and all other nondepository credit intermediation.
Additional statistics for these industries include:
- The credit card issuing industry had a 55.9 percent increase in the number of establishments from 739 in 2007 to 1,152 in 2012.
- The sales financing industry, which includes financing of consumer goods and automobiles, commercial financing, and leases, had a 27.6 percent decrease in employment from 2007 to 2012, going from 123,473 employees to 89,413 employees.
- Within the sales financing industry, loan services income accounted for an estimated $35.8 billion in revenue in 2012 and leasing services income contributed an estimated $32.7 billion in revenue in 2012. Each of these sources of revenue consists of interest income, origination fees, and other fees.
The data from the 2012 Economic Census (as well as historical information from the 2007, 2002, and 1997 Economic Censuses) are available on the Census Bureau’s American FactFinder tool. Reference information about the Economic Census, including a data release schedule, are available on the 2012 Economic Census home page.”
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