3 ms·
"Manufacturing" as a business classification sometimes seems to include companies that are in the business of developing and selling manufactured products but d
by tesseract 6y ago
"Manufacturing" as a business classification sometimes seems to include companies that are in the business of developing and selling manufactured products but don't own or operate any factories themselves and outsource the actual, well, manufacturing. In the semiconductor industry people talk about "fabless" companies as a category but there's not really an analogous shorthand for, say, a factory-less soap manufacturer.
With that said, I wish stats like that were a little more clear about whether they mean that broader definition of the manufacturing industry, or if it is strictly the economic output of actual factories.