Speaking of Precision Blog

Speaking of Precision

Speaking of Precision is a knowledge preservation and thought leadership blog covering the precision machining industry, its materials and services. With over 36 years of hands on experience in steelmaking, manufacturing, quality, and management, Miles Free (Milo) Director of Industry Research and Technology at PMPA helps answer "How?" "With what?" and occasionally "Really?"
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5 Positive Facts About U.S. Manufacturing

Posted January 31, 2014 10:30 AM by Milo

Great news for manufacturing:

  • Real value added for manufacturing rose 1.9 percent in 2012, after increasing 0.7 percent in 2011.
  • Manufacturing's current-dollar share of GDP increased for the third consecutive year, to 12.5 percent, its highest share since 2007.
  • Manufacturers contributed $2.03 trillion to the economy in 2012.
  • Manufacturers were responsible for creating 12.5% of GDP in 2012.
  • U.S. Manufacturing taken as a stand-alone entity, would be the 8th largest country in the world on a GDP basis

Editor's Note: CR4 would like to thank Milo for sharing this blog entry, which you can finish reading here.

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Re: 5 Positive Facts About U.S. Manufacturing

01/31/2014 11:04 AM

Plus manufacturing that was off-shored is coming home......... due to the economics that the labor costs in other countries have been rising a steady 18% a year.

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Re: 5 Positive Facts About U.S. Manufacturing

02/04/2014 2:27 AM

Exactly how positive are things for US Manufacturing if now, in the 2nd quarter of fiscal year 2014, we have to look back to 2012 to find '5 Positive Facts'?

.

Are the dates just written in error?

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