Manufacturing accounts for about a fifth of eastern GDP, not far off western levels, and unit labour costs are lower.
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But as manufacturing accounts for only about one-fifth of total output, the effect is to create the false impression that the whole economy is slowing down.
Fast forward to 2010, manufacturing now accounts for 9% of the workforce and 12% of GDP.
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The manufacturing sector accounts for a bigger percentage of jobs here than in any other state except Indiana.
The manufacturing sector accounts for about 11% of the UK economy.
In any case, unlike South-East Asia it is no longer a base for manufacturing, which accounts for a mere 12% of the economy, but is increasingly reliant on service exports, which are much less sensitive to exchange rates.
Why does the manufacturing sector have high accounts payable days relative to other industries?
Manufacturing activity, which accounts for almost two-thirds of overall output, fell 1.5% from a year earlier.
Manufacturing, especially of steel and cars, accounts for over a quarter of the state's output, despite its bucolic reputation.
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Forbes recently reported that since 2000, the United States manufacturing sector has shed four million jobs which accounts for 27 percent of its workforce.
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As I noted in a recent commentary for Forbes, it appears the military accounts for over a tenth of all domestic manufacturing.
However, the ISM Non-Manufacturing Index, which measures the service sector (which accounts for 80% of jobs in the U.S.) fell to 51.5 in August from 54.3 in July, worse than forecasts, and the lowest reading since January.
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Barra, 49, is by all accounts an impressive leader with a valuable background in manufacturing engineering, great people skills and a tremendous work ethic.
Since last fall the Chinese regulator has revoked 350 drug manufacturing licenses and vowed to tighten inspection of pharmaceuticals, according to accounts.
Gas accounts for 26% of Wheeling-Pittsburgh's energy usage and perhaps 15% of the manufacturing cost in its integrated steel mills.
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