2019 United States Manufacturing Facts (2024)

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2019 United States Manufacturing Facts? ›

Manufacturers in United States account for 10.94% of the total output in the state, employing 8.58% of the workforce. Total output from manufacturing was $2,345.85 billion in 2019.

U.S. manufacturing output for 2019 was $2,364.32B, a 1.47% increase from 2018. U.S. manufacturing output for 2018 was $2,330.11B, a 6.26% increase from 2017.

After the COVID-19 pandemic began, manufacturing output fell at a 43-percent annual rate and hours worked fell at a 38-percent rate in the second quarter of 2020. These were the largest declines since World War II.

Manufacturers in the United States account for 10.70% of the total output in the country, employing 8.41% of the workforce. Total output from manufacturing was $2.5 trillion in 2021.

Three common types of manufacturing production processes are: make to stock (MTS), make to order (MTO), and make to assemble (MTA). Such strategies have advantages and disadvantages in labor costs, inventory control, overhead, customization, and the speed of production and filling orders.

Manufacturing output set to grow 1.5% in 2024 and 3% in 2025

Nonetheless, there are risks – be it political, geopolitical or financial – that mean uncertainty over these projections are high, both to the downside and the upside.

Among survey respondents, all automotive and nearly all (97%) industrial products companies said the pandemic has had a negative effect on them. In addition, 47% of all companies reported the pandemic disrupted their workforce.

The impact COVID‐19 virus spreading is found to a positive for some companies for over a 12 month period and negative for several other companies. Some survey have reported that the consume electronics are likely to be the most affected industry of COVID‐19 outbreak just like industrial and automotive.

What industries are affected by COVID-19? ›

That impact is most noticeable in four industries: mining, quarrying, and oil and gas extraction; construction; information; and arts, entertainment, and recreation.

The largest manufacturing subsector in the U.S. is computer and electronic products followed by chemical manufacturing and food, beverage, and tobacco products, as seen in Figure 2.9 and Figure 2.10 from AMS 600-13.

Accounting for nearly 16 percent of global manufacturing output in 2021—second only to China, which has four times the population of the United States—the US had a greater share than Japan, Germany, and South Korea combined. By itself, the US manufacturing sector would constitute the world's eighth‐​largest economy.

Manufacturers in the United States account for 11.39% of the total output in the economy, employing 8.51% of the workforce.

Real GDP increased 2.3 percent in 2019 (from the 2018 annual level to the 2019 annual level), compared with an increase of 2.9 percent in 2018 (table 1).

US Industrial Production Index is at a current level of 102.66, up from 102.26 last month and down from 102.66 one year ago. This is a change of 0.39% from last month and -0.00% from one year ago.

U.S. manufacturing jobs hit a peak in June 1979, accounting for nearly one out of every five American workers. But despite a few upticks since then, manufacturing jobs as a percentage of the U.S. workforce have fallen consistently and now make up less than 10 percent of the total.