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updated: 9/15/2011 12:33:21 PM
Manufacturing Driving GDP Growth
IPFW Community Research Institute Director John Stafford says the Fort Wayne area has put a lot of effort into revitalizing its manufacturing sector.The manufacturing sector continues to lead the charge for many of Indiana's metropolitan areas as they try to recover from the recession. As Inside INdiana Business first reported in June, Indiana's Gross Domestic Product grew by 4.6 percent in 2010, the third highest in the nation. This week the U.S. Bureau of Economic Analysis highlighted significant growth in four Hoosier cities, largely driven by manufacturing.
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According to the United States Bureau of Economic Analysis, durable goods manufacturing contributed 11.4 percentage points to the Elkhart-Goshen area, and more than 6 percentage points in Columbus and Kokomo.
Indiana's GDP growth rate of 4.6 percent in 2010 was third-highest in the nation, according to a release from the bureau. North Dakota and New York were the only states with higher rates.
You can see the state-by-state report on 2010 GDP by clicking here.
You can see the metro area report on 2010 GDP by clicking here.
Source: United States Bureau of Economic Analysis
