Record Year for Manufacturing Output

Manufacturers in Ohio and across the U.S. are wrapping up an impressive 2023, having added a record $2.85 trillion to the nation’s economy, according to Chad Moutray, chief economist for the National Association of Manufacturers.

Data from the U.S. Bureau of Economic Analysis show Ohio’s manufacturing output reached a seasonally adjusted annual $129.15 billion as of Q2 2023. That’s $21.6 billion more than the GDP recorded just two years earlier. 12/27/2023