📈 Since 2000, Most U.S. Manufacturing Sectors Contracted—Except High-Tech and Transportation

From 2000 to 2024, the overall U.S. manufacturing production index rose just 7% (a compound annual growth rate of 0.28%). While a few high-tech and transportation-related sectors expanded significantly—computer and electronic products surged by 283%, motor vehicles and parts grew by 26%, aerospace and other transportation equipment by 23%, and petroleum and coal products by 13%—many traditional and labor-intensive industries declined sharply. Apparel and leather goods plummeted by 85%, textiles and textile products by 64%, and furniture and related products by 45%. Even food, beverage, and tobacco products (up 6%) and chemicals (up 3%) barely grew over the 24-year period.