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Manufacturing Industry Touts $100B Impact

June 24th, 2016


News Coverage:

June 21, 2016

Manufacturing Industry Touts $100B Impact

Alex Brown | Inside INdiana Business

INDIANAPOLIS -

The Indiana Manufacturers Association is celebrating new data released by the U.S. Department of Commerce which shows the strength of the states manufacturing sector. The data shows the industry contributed $100 billion to Indiana's GDP last year, a more than $6 billion increase over 2014. 

The numbers reflect nearly 30 percent of the state's economy. The IMA says Indiana's economy grew by $18.6 billion last year with manufacturers contributing more than 34 percent of that growth.

"Manufacturers are the driving force behind economic growth in Indiana," said IMA President Brian Burton. "Successful companies and well-compensated employees are hallmarks of manufacturing to an extent exceeding any other industry. The health of manufacturers is critically important to Indiana’s success. The numbers clearly show it."

The IMA says more than 520,000 Hoosiers were employed by manufacturers in December 2015 and received an average weekly salary of $1,178. The organization says both of those numbers are best of any sector in the state.

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