"In fact, the manufacturing of durable goods -- things that last longer than three years, such as cars, appliances or software -- grew by more than 9% nationwide in 2012, according the BEA. It was the leading contributor to growth in 22 states, the bureau said." ~ @hargreavesCNN
On the Left: Intel Microships out of Oregon.
On the Right: Ball Mason Jars from Jarden Home Brands in Indiana.
Guess which state had a manufacturing boom last year? It's not in the Rust Belt, nor the South, and autos have nothing to do with it.
Oregon comes out on top. With Indiana following in 2nd place.
Manufacturing made up 39% of Oregon's GDP last year -- more than any other state:
Oregon's gross domestic product grew 3.9% last year, making it the third fastest-growing state economy after North Dakota and Texas, according to Commerce Department data released last week. Unlike those states, which benefited from an energy boom, Oregon drew about two-thirds of its growth from durable goods manufacturing.
Digging deeper into the data reveals a meteoric rise at a time when manufacturing activity was stagnant, or even declining, in more traditional manufacturing states.
Oregon isn't large. By GDP, it ranks 25th in size among the 50 states. But its manufacturing sector has risen so rapidly that Oregon now ranks sixth in manufacturing output, surpassing even states like Indiana, Michigan and Pennsylvania.
Original Article writter by June 10, 2013 for CNN: Money and can be found HERE.
