Sorry, de-manufacturing is here to stay
Dec 08, 2006 | 12:26 PM
| Rory Carroll
Dozens of major U.S. manufacturing industries continue to lose large portions of their home market to foreign-produced goods, according to a new report addressing import penetration.
The U.S. Business and Industry Council surveyed 114 industries and found that dozens of domestic industries, including many high-tech and capital-intensive sectors, have been suffering the same kinds of losses in their home market that have driven Ford Motor Co., Dearborn, Mich., and General Motors Corp., Detroit, perilously close to bankruptcy.
The report said that between 1997 and 2005 more than 100 of the 114 industries analyzed lost a share of the U.S. market. Of the 114 industries surveyed, 83 lost further share of the U.S. market from 2004 to 2005. Two of the biggest losers in 2004-05, in percentage terms, were aircraft engines and engine parts, and non-engine aircraft parts.....
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