Fueled by international trade, the consumer-electronics (CE) industry is poised to generate $1.4 trillion in direct business activity in 2008, while directly employing more than 4.4 million Americans, according to a new study released by CEA. Burgeoning international trade is helping to grow the sector, driving 14% of the CE industry’s total output and 16% of its total employment. The study, conducted by PricewaterhouseCoopers LLP, found that beyond its significant direct impact on the economy and job market, the CE industry also spurs billions of dollars in additional indirect economic benefits in the form of industry purchasing and consumer spending in related industries, supporting millions of additional jobs. The CE industry will directly and indirectly produce $2.6 trillion in output, contributing $1.3 trillion to the economy in 2008 and supporting 15.4 million jobs in related industries, researchers estimated.
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