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Manufacturing is a vital economic sector in the United States of America. [1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people.
A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. US manufacturing drops to 15-month low amid higher input prices: ISM Skip to main ...
Germany is a founding member of the European Union and the eurozone. [26] [27] In 2016, Germany recorded the highest trade surplus in the world, worth $310 billion. [28] This economic result made it the biggest capital exporter globally. [29] Germany is one of the largest exporters globally with $1.81 trillion worth of goods and services ...
Declines in the US manufacturing sector appear to have bottomed in a positive sign for the economy.. On Thursday, the January ISM Manufacturing PMI index registered a reading of 49.1 percent, up ...
The following is a list of the world's largest manufacturing companies, ordered by revenue in millions of U.S. dollars according to the Fortune Global 500. Currently the 50 biggest companies by revenue are included.
Gross domestic product data last week showed manufacturing output rising at a 2.6% annualized rate in the second quarter, an acceleration from the 0.2% pace posted in the January-March quarter.
In 2022, the United States was the world's third-largest producer of raw steel (after China and India), and the sixth-largest producer of pig iron. The industry produced over 74 million net tons per year as of November 2024. [1] Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore.
The ISM's manufacturing PMI registered a reading of 50.3 in March, up from February's reading of 47.8 and higher than the 48.3 economists expected, according to Bloomberg data.