There have been numerous positive reports on the manufacturing sector nationwide lately. This is welcome news overall for the industry, but sometimes local facts and figures can have greater meaning to business owners. For Wisconsin manufacturers in particular, the outlook is especially bright.
According to information compiled by the National Association of Manufacturers, (NAM), the manufacturing industry contributes about 20% of Wisconsin’s total revenue output, amassing $50 billion in 2012 alone. The sector also employs about 15.6% of the state’s non-farm workers, with compensation far surpassing the state average.
The report, appropriately titled “Wisconsin Manufacturing Facts,” identifies many high notes in the state’s industrial landscape. Of the top-performing manufacturing sectors, machinery manufacturing, food and beverage manufacturing, and fabricated metal product manufacturing take the lead as heavy hitters. These three groups together brought in nearly $20 million in 2011.