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Advanced Manufacturing Is Vital across Nation, Including Eighth District

Author

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  • Charles S. Gascon
  • Andrew Spewak

Abstract

Manufacturing has been one of the nation?s largest and most productive sectors dating back to the Industrial Revolution, and that remains true today despite a long-term decline in employment. As technological progress continues to alter the landscape of the economy, a subset of manufacturing industries known as ?advanced manufacturing? serves as a critical source of growth as these products drive productivity gains throughout the economy.

Suggested Citation

  • Charles S. Gascon & Andrew Spewak, 2017. "Advanced Manufacturing Is Vital across Nation, Including Eighth District," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 25(4).
    • Handle: RePEc:fip:fedlre:00167
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