The most dynamic sectors in 2013

By Adina Moloman

Sources: Industry Classification Benchmark, Financial Times

FTSE Group[1] and Dow Jones Indexes created in 2005 a definitive classification system called the Industry Classification Benchmark (ICB) covering over 70,000 transnational companies that are classified into Industries (10), Supersectors (19), Sectors (41), and Subsectors (114).

ICB provides a standardized base for investment research and global sector analysis, stock selection and performance measurement.

According to their research at a sector and sub sector level on the most dynamic industries, the Health Care sector is one of the top growth sector worldwide, followed by the Financial sector and the Consumer Goods sector.

Within the Health Care sector the top industries are: Biotechnology, Pharmaceuticals, Medical equipment and Medical Suppliers.

Within the Consumer goods sector the most dynamic global industries based on the last year analysis are: Home Construction, Farming and Fishing, Durable household products, Automobiles, etc.

This concentration enables them to develop a clear understanding of the complex issues and emerging trends in those sectors.

Based on last year trends, sectors that are showing less dynamism are: Basic Materials, Telecommunications, Utilities, etc.

The Health Care sector in Baja California is already of great strategic and economic importance – with over 60 Medical Device companies in Baja California working on assembling and manufacturing surgical instruments and parts for other medical products. All of them are transnational corporations operating and manufacturing in Mexico under the Mexico Maquiladora Program, which offers a growing range of careers in this sector, which already employs around 30,000 people. Industry, academia and government agencies are increasingly working together to ensure the sector continues to grow.