What is in this article?:
Manufacturing growth domestically, albeit limited, is being driven by a rebound in the housing industry and higher demand for transportation equipment. In addition, an explanation of how the IW U.S. 500 is created.
Even as economic woes continue to afflict European business, manufacturing in the U.S. is marching ahead.
IW U.S. 500 manufacturers saw revenues inch upward 1% to $6.07 trillion in 2012, led by the unsurpassed success of companies like Colfax Corp. (IW 500/238), a manufacturer of gas- and fluid-handling products that saw a 464% growth in revenue from the previous year.
The companies comprising this year's IW U.S. 500 -- IndustryWeek's annual list of the largest publicly held U.S. manufacturers based on revenue -- boasted the highest total revenues recorded on the IW 500 to date.
See Also: The IndustryWeek U.S. 500 Rankings
However, while overall revenues crept upward, total profits slipped downward 9.16% to $506 billion. Ten percent of the IW 500 companies didn't turn a profit in 2012, with Boston Scientific Corp. (IW 500/147) suffering a 56.12%, or $4 billion, net loss.
Pictured above: Texas and California knock it out of the park: Each state houses more than 50 of the IW U.S. 500 manufacturing companies.
Such a disparity reveals the toll the eurozone crisis continues to take on U.S. manufacturers, even as domestic profits are rebounding. In 2012, domestic manufacturing profits spiked 52%, according to GDP accounts.