Manufacturing productivity continues to outpace the gains in the rest of the economy, growing 4 percent a year as state manufacturers adapt their business models to utilize new technology and compete in a global economy.
Manufacturing capacity utilization is at a four-year high, and production continues to climb. Unfortunately, this hasn't translated into increased employment, as manufacturing companies are finding other ways to increase efficiency and trim costs through technology and outsourcing.
Manufacturing capacity utilization is at a four- year high, and production continues to climb. Unfortunately, this hasn't translated into increased employment, as manufacturing companies are finding other ways to increase efficiency and trim costs through technology and outsourcing.