Connecticut Manufacturing Facts
- Manufacturing jobs are still higher paying - more than 20%
higher - than those in construction, services and retail. Manufacturers are leaders in Employee training.
In 2003, average total compensation in manufacturing in the U.S. was
nearly $63,000 per year compared to an average of $51,000 in the remainder of
the economy.
Source: U. S. Department of Commerce/National Association of Manufacturers
- Manufacturing today is cleaner, more interesting and technology-driven.
The three largest manufacturing industries in the United States today are chemicals,
industrial machinery and equipment/electronics. Fifty years ago the largest manufacturing industries
were food, primary metals and motor vehicles.
Source: National Association of Manufacturers
- Connecticut is the 20th most intense manufacturing
state in the United States, with more than 5,500 manufacturing
firms.
Source: Commerce Department, Census Bureau
- The main beneficiary of the e-business revolution has been
manufacturing.
In 2001 nearly one fifth of manufacturing shipments were e-business
transactions, as compared to 10% for wholesale and 1% for retail.
Source: U. S. Department of Commerce/National Association of Manufacturers
- Connecticut exports have grown to $8.6 billion
in 2004 from $5.2 billion in 1990.
Source: UMass Miser
- On average Connecticut manufacturing workers are 13.3%
more productive than the average manufacturing
worker across the United States .
Source: U.S. Bureau of Labor Statistics
- Since 1977, Connecticut manufacturers have more than tripled
the annual new capitol investments in their facilities,
from $566 million to $1.769 billion in current
dollars.
Source: Fedstats
- This decade will see a more prolific use of technologies, including
web-based applications, online collaboration tools
and wireless telematics that transform manufacturing,
with greater interaction between customers and suppliers
and between the front office and the factory floor.
Source: National Association of Manufacturers
- Over the past two decades, manufacturing productivity gains
have been double that of other economic sectors.
These gains have helped Americans compete and
keep our wages high.
Source: National Association of Manufacturers
- Manufacturing output has a history of outperforming the rest
of the economy.
While United States economic growth increased at an average annual rate of 3.6%
between 1992 and 2000, manufacturing's share grew 4.5% per year.
Source: National Association of Manufacturers