Manufacturing in Ohio
It is no surprise that Ohio, long considered to have a heavily industrial economy, derives more than 25% of its gross state product from the manufacturing industry. Since the mid- 1980s, manufacturing’s share of gross state product has fluctuated only slightly, ranging from roughly 25% to 27.5%. A close look at the fluctuations, however, suggests that manufacturing is more sensitive to business cycle phenomena than other industries; as the economy contracts and expands, so does manufacturing’s share.
Suggested citation: "Manufacturing in Ohio," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-08, pp. 14-15, 08.01.2001.