The Indiana Manufacturers Association is celebrating new data released by the U.S. Department of Commerce that shows manufacturers contributed $100 billion to Indiana’s GDP last year, a more than $6 billion increase over 2014.
The numbers reflect nearly 30 percent of the state’s economy. The IMA says Indiana’s economy grew by $18.6 billion last year with manufacturers contributing more than 34 percent of that growth.
“Manufacturers are the driving force behind economic growth in Indiana,” IMA President Brian Burton told Inside Indiana Business. “Successful companies and well-compensated employees are hallmarks of manufacturing to an extent exceeding any other industry. The health of manufacturers is critically important to Indiana’s success. The numbers clearly show it.”
The IMA says more than 520,000 Hoosiers were employed by manufacturers in December 2015 and received an average weekly salary of $1,178. The organization says both of those numbers are best of any sector in the state.