A sector of the economy experiencing a higher-than-average growth rate.
Investopedia Says:
If companies across an industry exhibit solid earnings and revenue figures, that industry may be showing signs that it is in its growth stage.
Growth industries tend to be composed of relatively volatile and risky stocks. Often investors must be willing to accept increased risk in order to take part in the potentially large gains offered by stocks within a particular growth industry.
Related Links:
Getting big quickly looks good, but companies can get into trouble when they do it too fast. Find out how to spot this trouble. Is Growth Always A Good Thing?
Look at the big picture when choosing a company - what you see may really be a stage in its industry's growth. The Stages Of Industry Growth
Predicting sales growth can be something of a black art - unless you ask the right questions. Great Expectations: Forecasting Sales Growth
