Manufacturing Economy Monitor

Manufacturing Movers: Who Is Growing, Who Is Shrinking

Among U.S. manufacturing industries, other transportation equipment is growing fastest at +11.9% year over year in value added (2025). while petroleum and coal products is falling fastest at -15.3%. Across states, Washington leads manufacturing growth at +4.8%. Full gainer and loser rankings for all 19 industries and the 50 states and DC are below, from U.S. Bureau of Economic Analysis data.

Fastest-growing industries

  • Other Transportation Equipment: +11.9% year over year (2025).
  • Computer and Electronic Products: +7.8% year over year (2025).
  • Electrical Equipment and Appliances: +5.8% year over year (2025).
  • Chemical Products: +5.6% year over year (2025).
  • Paper Products: +2.8% year over year (2025).
  • Miscellaneous Manufacturing: +1.7% year over year (2025).
  • Furniture and Related Products: +1.4% year over year (2025).
  • Fabricated Metal Products: +1.3% year over year (2025).

Fastest-shrinking industries

  • Petroleum and Coal Products: -15.3% year over year (2025).
  • Motor Vehicles and Parts: -3.0% year over year (2025).
  • Food, Beverage, and Tobacco Products: -1.6% year over year (2025).
  • Plastics and Rubber Products: -1.5% year over year (2025).
  • Primary Metals: -1.0% year over year (2025).
  • Apparel and Leather Products: -0.8% year over year (2025).

Fastest-growing states

  • Washington: +4.8% year over year (2025).
  • Florida: +4.6% year over year (2025).
  • Connecticut: +4.6% year over year (2025).
  • Maryland: +4.3% year over year (2025).
  • Idaho: +4.1% year over year (2025).
  • California: +3.7% year over year (2025).
  • North Carolina: +3.7% year over year (2025).
  • Virginia: +3.7% year over year (2025).

Fastest-shrinking states

  • Montana: -8.9% year over year (2025).
  • Wyoming: -5.3% year over year (2025).
  • North Dakota: -3.4% year over year (2025).
  • Hawaii: -2.8% year over year (2025).
  • Michigan: -2.1% year over year (2025).
  • District of Columbia: -1.6% year over year (2025).
  • Nebraska: -1.2% year over year (2025).
  • Kentucky: -1.0% 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 (+11.9%), computer and electronic products (+7.8%), electrical equipment and appliances (+5.8%). 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 (-15.3%), motor vehicles and parts (-3.0%), food, beverage, and tobacco products (-1.6%). 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 Washington (+4.8%), Florida (+4.6%), Connecticut (+4.6%). The full ranking of all 50 states and DC, 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 2026-10-01.