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Let’s start 2020 with Facts About Manufacturing that You Need to Know

Let’s start 2020 with Facts About Manufacturing that You Need to Know

The Top 18 Facts You Need to Know

1. Manufacturers contributed $2.38 trillion to the U.S. economy.

2. For every $1.00 spent in manufacturing, another $1.82 is added.

3. The majority of manufacturing firms in the United States are quite small.

4. There are 12.82 million manufacturing workers in the United States.

5. Manufacturing workers in the United States earned $84,832 annually.

6. 92 percent of manufacturing employees were eligible for health insurance.

7. Manufacturers have experienced tremendous growth.

8. Over the next decade, 4.6 million manufacturing jobs will likely be needed.

9. Over the past 28 years, U.S.-manufactured goods exports have quadrupled.

10. Manufactured goods exports have grown substantially.

11. Manufacturers export nearly half of U.S. manufacturing output.

12. World trade in manufactured goods has more than doubled.

13. Manufacturing in the US would be the eighth-largest economy in the world.

14. Foreign direct investment in U.S. manufacturing exceeded $1.6 trillion.

15. Affiliates of foreign multinational enterprises employed nearly 2.5 million.

16. Manufacturers perform 64 percent of all private-sector R&D.

17. Manufacturers consume more than 30 percent of the nation’s energy.

18. The cost of federal regulations falls on manufacturers.

Click here to learn more details about why manufacturing is so important to our economy - From you friends at National Association of Manufactures

What is most important to you about the facts about Manufacturing? Learn how Premier is leading the way to improving your output for better results for your manufacturing business.

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