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Manufacturing Industry Statistics

Manufacturing Industry Statistics
June 2015
Category: Industrial

The manufacturing industry is largely important to the U.S. economy, not just from the stand-point of employment creation, but also because the money that is put back into the economy and the amount of research and development that is performed by manufacturers.
 
Manufacturers contribute approximately $2.09 trillion into the national economy, making up 12.0% of the GDP. Basically, for every $1.00 spent in manufacturing sector, another $1.37 is added into the economy.
 
There are an estimated 17.6 million manufacturing jobs in the United States. This industry sector is thought of as the most innovative industry because approximately three-quarters of all private-sector research and development is performed by manufacturers.