As previously mentioned, July was a good month for the manufacturing industry. For the second consecutive month, the manufacturing sector expanded and job growth in the industry has rebounded from the steep recession-induced decline from January 2007 to mid-2009.
Financial analysis and news company, 24/7 Wall St, came up with a list of the top manufacturing states, calculated by total percent of state GDP output in the US. As a reference point, “…the manufacturing sector was responsible for 12% of the nation’s total economic output.”
The 5 States Where Manufacturing Matters:
> Manufacturing share of output: 19.1%
> Manufacturing output 2012: $49.98 billion (12th highest)
Wisconsin was the nation’s leading manufacturer of paper in 2011, with nearly $4 billion in output, accounting for nearly 1.5% of the state’s total GDP.
4. North Carolina
> Manufacturing share of output: 19.4%
> Manufacturing output 2012: $88.25 billion (4th highest)
Nearly $24 billion of North Carolina’s $84 billion manufacturing output came from chemical manufacturing, which made up roughly 5.5% of the state’s GDP.
> Manufacturing share of output: 22.6%
> Manufacturing output 2012: $55.10 billion (11th highest)
Louisiana was among the nation’s largest manufacturers of chemicals, as well as petroleum and coal products, making up more than 10% of the state’s GDP.
> Manufacturing share of output: 27.8%
> Manufacturing output 2012: $55.16 billion (10th highest)
Oregon is only second behind California in production of computer and electronic products, manufacturing nearly $38 billion worth.
> Manufacturing share of output: 28.2%
> Manufacturing output 2012: $84.15 billion (6th highest)
Indiana is one of the nations fastest in adding manufacturing jobs over the past several years, with year-over-year growth at or above 3.7% at the end of the past three years.
The growing manufacturing industry shows a strong correlation to the positive US economic growth. Make sure that as your business grows you have the right support to maintain and surpass the competition. SBS Group provides industry experts to help with all manufacturing needs. For more updates, follow us on Twitter, Facebook, and join our LinkedIn Group.