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GDP in Indiana is Driven by Manufacturing Sector

Posted 4:22 PM by

A study by the Bureau of Economic Analysis showed the growth in Indiana's 2010 GDP was driven by growth in the manufacturing sector.  According to the study, Indiana was able to increase real GDP by 4.6% in 2010. This growth led Indiana to have the third-largest growth in real GDP for 2010 (behind North Dakota at 7.1% and New York at 5.1%).

The study states that "the Midwest and New England regions grew the fastest, led by finance and insurance and durable-goods manufacturing, respectively." In perspective, Indiana's  real GDP growth of 4.6% was driven by 2.29% growth in the durable-goods manufacturing sector. The next closest sector was the non-durable-goods manufacturing sector with growth of .68%.

The full study can be found here.

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

Comments (2)
John Cuozzo wrote
Thanks for passing along the stats, Justin. I find myself a bit perplexed - if the top three states for real GDP growth are No. Dakota, NY and IN, how does New England end up with the Midwest as a fastest growing region?

While certain New England (N.E.) states have reportedly seen less dramatic drops in their overall economies because they aren't as dependent on sectors that have suffered the greatest losses, it would seem that at least one N.E. state should be in the top three. Or, does this mean the stats reflect a consolidation of N.E. states as a region and that, collectively, these six states fared better than those collectively in most other "regions"?

I look forward to your insights and/or that of others. Many thanks. John
Posted Oct 13 2011 4:50 PM
Max Woodbury wrote
The manufacturing sector would be better if they could upgrade their technology. Which would also help manufacturer's go green too. Third largest growth in real GDP, I love Indiana!
Posted Oct 14 2011 8:45 AM
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