American Economic - Masthead Fighting For American Companies - Fighting for American Jobs United States Business and Industry Council
Current Trade Deficit:    
Manufacturing: Shrinkage is the New "Growth"
Alan Tonelson
Tuesday, December 18, 2012
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"…American manufacturing is growing at the fastest pace since the 1990s.”
--President Barack Obama, December 10, 2012

Inflation-adjusted U.S. manufacturing output, February, 2012-present:  -0.41%  

(Sources: “Remarks by the President at the Daimler Detroit Diesel Plant, Redford, MI,” Office of the Press Secretary, Speeches and Remarks, Briefing Room, The White House, December 10, 2012, and calculated from “Data from January 1986 to Present (Tables 1,2 and 10), Industrial Production, Seasonally Adjusted, Industrial Production: Market, Industry Groups, and Individual Series,” Historical Data, Tables 1, 2 and 10, Industrial Production and Capacity Utilization –G.17, Statistical Releases and Historical Data, Economic Research & Data, Board of Governors of the Federal Reserve System,

Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).