IndustryWeek Report USA – Manufacturing Revenue Drops 34%
The 62 companies representing manufacturing on the IndustryWeek U.S. 500 posted a whopping 34.3% drop in revenue, to $1.05 trillion, a big reason the list’s total revenue dropped from nearly $6 trillion to $5.38 trillion.
The IndustryWeek U.S. 500 is IW’s exclusive annual ranking of America’s largest public manufacturers, based on revenue.
The End of the American Manufacturing Renaissance
Year-over-year growth in manufacturing employment has been negative for three months in a row, and it would appear that whatever manufacturing employment renaissance occurred in the years immediately following the Great Recession is over.