In some cases no but in some case yes. For example does the trasport of fuel to the homes create wealth? Does the getting this fuel from the ground create wealth (it is vertical transport)? Does the production of syntetic fuel create wealth? I would say in each case it does. Does the manufacturing the artificial teeth create wealth? Yes. Does the fixing the natural teeth so they do not need to be replaced, create wealth? Yes.
What is wealth? Isn't it some accumulation of value? If so, the services if they increase or preserve the value they produces wealth too. Also I think it is hard to draw the line between manufacturing and services.
No, services do not create wealth. Never. They are an example of wealth transference.
What is wealth? Isn't it some accumulation of value?
Wealth is created only by engaging in value-added activities. By the same token, Service sector activities do not create wealth, they merely transfer, redistribute and eventually dissipate wealth as consumption. Thus, as value-added activities move offshore and the U.S. labor force shifts to the Service Sector, wealth is dissipated, not created. And the U.S. standard of living declines as a result.WEALTH: The net ownership of material possessions and productive resources. In other words, the difference between physical and financial assets that you own and the liabilities that you owe. Wealth includes all of the tangible consumer stuff that you possess, like cars, houses, clothes, jewelry, etc.; any financial assets, like stocks, bonds, bank accounts, that you lay claim to; and your ownership of resources, including labor, capital, and natural resources. Of course, you must deduct any debts you owe.
VALUE ADDED: The increase in the value of a good at each stage of the production process. The value that's being increased is specifically the ability of a good to satisfy wants and needs either directly as a consumption good or indirectly as a capital good. A good that provides greater satisfaction has greater value. In essence, the whole purpose of production is to transform raw materials and natural resources that have relatively little value into goods and services that have greater value.
SERVICE: An activity that provides direct satisfaction of wants and needs without the production of a tangible product or good. Examples include information, entertainment, and education. This term good should be contrasted with the term good, which involves the satisfaction of wants and needs with tangible items. You're likely to see the plural combination of these two into a single phrase, "goods and services," to indicate the wide assortment of economic production from the economy's scarce resources.