Manufacturing Ranked #1 Industry for Economic Prosperity

(Industry Week – Adrienne Selko)

Americans still believe that manufacturing remains the backbone of the economy says new Deloitte study

A new annual index released earlier this week by Deloitte LLP and The Manufacturing Institute shows that Americans view manufacturing as the most important industry for a strong national economy. There is a wide perception gap, however, between the public’s highly positive views of manufacturing’s contributions to America’s economic success and their negative views about pursuing a career in manufacturing.

The survey, Public Viewpoint on Manufacturing (PDF), which assessed public perceptions and understanding of a wide range of issues related to manufacturing, shows that the majority of respondents (71%) view manufacturing as a national priority with 59% agreeing that the U.S. manufacturing industry effectively competes on a global scale. These results fall in line with public perceptions that manufacturing plays a larger role in overall economic prosperity compared to the technology, energy, health care, retail, communications and financial services industries.

“The public’s ranking of manufacturing as the top industry of importance to our economy, as well as its belief that U.S. manufacturers can compete globally, is very telling,” said Craig Giffi, Deloitte LLP vice chairman and U.S. Consumer & Industrial Products industry leader. “Americans clearly still believe that manufacturing remains the backbone of the economy.” Read more here.