Viewing blog posts written by Gino DiCaro


CA manufacturing GDP growth not keeping pace

Posted by Gino DiCaro, VP, Communications on July 9, 2015

The U.S. Bureau of Economic Analysis recently released their first estimate of GDP by State for 2014 along with revised estimates for prior years.  Along with the U.S., real GDP growth remains steady in California but reflects the continued moderate levels of growth below rates previously experienced at this point in a recovery.  

Real GDP growth (adjusted for 2009 dollars) in California was 2.8 percent in 2014, compared to 2.2 percent for the U.S. as a whole.  In current dollars, California GDP growth was 4.5 percent, compared to 3.9 percent for the US.

A more granular look though shows a fairly significant lag in California's manufacturing GDP against national manufacturing GDP growth. With the new and revised data, we sit at 11.2 percent manufacturing GDP growth while the rest of the country grew by 22.6 percent in the same category.

 

GDP trend





0 comments | Post your comment

CA manufacturing GDP trend

Posted by Gino DiCaro, VP, Communications on Feb. 12, 2015

A quick look at California's manufacturing gross product trend vs. the United States since 2000.

 

CHART - MFG GDP trend since 2000 U.S. vs CA

click image for pdf





0 comments | Post your comment

The U.S. has caught up to California in manufacturing GDP growth

Posted by Gino DiCaro, VP, Communications on June 22, 2011

You'll often hear that California does just as well as the rest of the country in manufacturing growth.  This is currently true.  Unfortunately this is a substantial decline from our past.

Over the last four decades, the United States manufacturing gross domestic product (GDP) growth has caught up to California's manufacturing GDP growth.  In the 1970's we outpaced the country with 157 percent growth while the U.S. grew by 126 percent.  In our most recent decade California's percentage growth was 24 percent, while the U.S. growth was 21 percent.

 

 

For this and many other reasons, CMTA is hosting, along with Lt. Governor Gavin Newsom and California Correctional Peace Officers, a June 29 Summit to understand different visions for our economy and how manufacturing fits into our future overall growth.  Don't miss it: http://cmta.net/conference.php?event_id=684





0 comments | Post your comment

Copyright © 2017, California Manufacturers & Technology Association. All rights reserved.