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>Production indexes for a few industries are derived by dividing estimated nominal output (calculated using unit production and unit values or sales) by a corre
by ABCLAW 8y ago
>Production indexes for a few industries are derived by dividing estimated nominal output (calculated using unit production and unit values or sales) by a corresponding Fisher price index; the most notable of these fall within the high-technology grouping and include semiconductors.
You might hate the argument, but it's because the argument is accurate. The increase in US-based production isn't caused by the manufacturing industry kicking ass. It's because they fudge the numbers. They consider a CPU that's sold for twice the $ to be double the production. If you remove the high technology grouping, the US manufacturing base has cratered.
- ineedasername 8y agoDo you have disaggregated stats that demonstrate this? Because a lot of that tech sector output isn't in the US. Sure, Intel may design their chips here, but they're manufactured internationally. Partly in the US, but also Ireland, Israel and China. So that doesn't count in favor of our industrial output index.
- ABCLAW 7y agoThe full disaggregation + analysis has been linked in related discussions on HN in the past, but I don't have it. If I had to get the numbers or die, I'd search HN for manufacturing related articles from the past year.