Manufacturing Economy Monitor

Manufacturing Movers: Who Is Growing, Who Is Shrinking

Among U.S. manufacturing industries, other transportation equipment is growing fastest at +6.6% year over year in value added (2025). while petroleum and coal products is falling fastest at -17.7%. Across states, Hawaii leads manufacturing growth at +11.3%. Full gainer and loser rankings for all 19 industries and 51 states are below, from U.S. Bureau of Economic Analysis data.

Fastest-growing industries

  • Other Transportation Equipment: +6.6% year over year (2025).
  • Computer and Electronic Products: +6.1% year over year (2025).
  • Chemical Products: +4.3% year over year (2025).
  • Electrical Equipment and Appliances: +2.9% year over year (2025).
  • Miscellaneous Manufacturing: +2.3% year over year (2025).
  • Textile Mills and Textile Products: +1.8% year over year (2025).
  • Primary Metals: +1.6% year over year (2025).
  • Fabricated Metal Products: +1.3% year over year (2025).

Fastest-shrinking industries

  • Petroleum and Coal Products: -17.7% year over year (2025).
  • Wood Products: -2.7% year over year (2025).
  • Machinery: -1.7% year over year (2025).
  • Apparel and Leather Products: -1.6% year over year (2025).
  • Food, Beverage, and Tobacco Products: -1.6% year over year (2025).
  • Nonmetallic Mineral Products: -1.5% year over year (2025).
  • Motor Vehicles and Parts: -1.0% year over year (2025).
  • Plastics and Rubber Products: -0.1% year over year (2025).

Fastest-growing states

  • Hawaii: +11.3% year over year (2024).
  • Indiana: +4.1% year over year (2025).
  • Nevada: +3.7% year over year (2025).
  • Washington: +2.8% year over year (2025).
  • Idaho: +2.4% year over year (2025).
  • Florida: +2.2% year over year (2025).
  • Alabama: +2.2% year over year (2025).
  • New Jersey: +2.1% year over year (2025).

Fastest-shrinking states

  • New York: -3.4% year over year (2025).
  • Arizona: -3.1% year over year (2025).
  • Oregon: -2.4% year over year (2025).
  • Louisiana: -1.3% year over year (2025).
  • Colorado: -1.2% year over year (2025).
  • Rhode Island: -0.8% year over year (2025).
  • Nebraska: -0.8% year over year (2025).
  • Iowa: -0.8% year over year (2025).

Frequently asked questions

  • Which U.S. manufacturing industry is growing fastest? The fastest-growing manufacturing industries by year-over-year value added are other transportation equipment (+6.6%), computer and electronic products (+6.1%), chemical products (+4.3%). Growth is measured in nominal value added from BEA GDP-by-industry data.
  • Which manufacturing industries are shrinking? The industries with the steepest year-over-year declines in value added are petroleum and coal products (-17.7%), wood products (-2.7%), machinery (-1.7%). Each industry has its own live page with the full quarterly history.
  • Which states have the fastest-growing manufacturing? By year-over-year manufacturing GDP, the fastest-growing states are Hawaii (+11.3%), Indiana (+4.1%), Nevada (+3.7%). The full ranking of all 51 states, gainers and losers, is above.

About this data

  • Source: U.S. Bureau of Economic Analysis (public domain). National quarterly values are seasonally adjusted annual rates. Corporate-profit industry detail reflects inventory valuation adjustment without capital consumption adjustment, per NIPA table 6.16D conventions.

Last reviewed 2026-05-12.