Make Your Move

A Lot of Potential in US Manufacturing

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There are compelling reasons to focus on US manufacturing in the coming days.

Manufacturing in the US is on the rebound.  It currently stands at $1.86 trillion, 11.9% of GDP (up from a low of 11.0% in 2009).  Near-sourcing and a more favorable cost environment are helping to re-energize a vibrant segment of our economy.  Selling into American manufacturing is a very worthwhile endeavor when you consider the potential of this marketplace. 

US manufacturing, if treated as a stand-alone economy, would be the 10th largest nation in the world.  That makes US manufacturing larger than the GDP of both India and Canada and only slightly smaller than the GDP of Russia and Italy. 

I would be remiss if we did not note that China’s manufacturing base is larger than that of the US.  Manufacturing in China is estimated at $2.522 trillion (30.57% of an $8.250 trillion economy). 

There is a lot of selling potential into the Chinese manufacturing economy as well, but the costs of reaching that market, as well as the IP risks, make a compelling argument for a strong US focus.

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Leverage actionable -- and 94.7% accurate -- economic forecasts from ITR Economics, and spot unfolding business cycle trends before your competitors.

Contributors

Brian Beaulieu

Brian Beaulieu has been an economist with ITR Economics since 1982 and its CEO since 1987. He is also Chief Economist for Vistage International and TEC, global organizations comprised of over 13,000...

Alan Beaulieu

One of the country’s most informed economists, Alan Beaulieu is a principal of the ITR Economics where he serves as President. ITR predicts future economic trends with 94.7% accuracy rate and...
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