New USBIC Report: U.S. industry losing ground in advanced manufacturing.
A new report by Alan Tonelson of the U.S. Business and Industry Council (USBIC) finds that key U.S. manufacturing sectors are losing ground in their home market to increased imports.
Tonelson says these high-value goods have been touted as a key to the future of the American economy. Unfortunately, and despite "widespread optimism about an American industrial renaissance, domestic manufacturing's highest-value sectors keep falling behind foreign-based rivals."
Tonelson analyzed 106 high-tech and capital-intensive manufacturing sectors from the Census Bureau's Annual Survey of Manufacturers and found that imports accounted for 37.5 percent of the $2 trillion in high-value manufactured goods sold in the United States in 2011, a larger share than 2010.
Related recent Blogs
- Shoring up our security means addressing the China challenge • by mmcmullan • 05/20/2013
- Quote of the Day from Caterpillar's Doug Oberhelman • by LDonia • 05/20/2013
- May 20, 2013 Headlines: Manufacturing & social media, growth of the U.S. economy, and more. • by LRaup • 05/20/2013
- President Obama visits Baltimore factory to promote infrastructure investment as a means of revitalizing the middle class • by LDonia • 05/17/2013
- It's Fashion Friday, but NoCargo carries more than just American-made clothing! • by LDonia • 05/17/2013
- May 17, 2013 Headlines: Strengthening our national security, focusing on jobs, and more. • by LRaup • 05/17/2013
- Five reasons you should be concerned about the U.S. military's reliance on foreign manufacturers. • by LDonia • 05/16/2013
- Looking for a manufacturing job? Consider heading to one of these ten metro areas! • by mmcmullan • 05/16/2013
- National Retail Federation dismisses global safety plan for garment factories while Cambodian shoe factory collapses. • by LDonia • 05/16/2013
- OPINION: Aren't we better off buying safe, Made-in-USA products? • by scapozzola • 05/16/2013