Those numbers don't look right --- I think that there is a zero missing. What's your source for them?
Those numbers don't look right --- I think that there is a zero missing. What's your source for them?
Economagic, the same folks as Todsterpatriot's chart. Found the manufacturing output chart through google.
Went back and looked at the source information of the chart on Economagic.
You are right there is a discrepency, the source data is a quarterly summation, not annual. Seems the charting cuts off part of the ledged describing the period of the measure.
The actual numbers need to be multiplied by 4 to get the annual figure. That would make the manufacturing shipments figure for the last year 1,620 billion. not $405 billion.
That's roughly half of Todster's numbers which is consistant with the idea of double counting of intermediate production stages contributing to final manufacturing value.
It is also consistant with 17% of GDP which has been published several places for the current level of manufacturing in relation to total GDP output in 2004 from the 2005 Economic Report for the President.