Montana manufacturing
After three years of declining production, sales and employment, Montana manufacturing sector continued to improve in 2004. The production value of Montana have increased by more than $ 500 million in 2004, but employment was essentially unchanged. The current sector:
Employee of more than 24000 people earn $ 1 billion in labour income,
The production of about 5 billion dollars spent during the year, and
Accounts for more than 20 percent of the economic base Montana.
Even if companies face higher industrial raw materials, energy and shipping, as well as increased health insurance premiums, a slight majority reported higher profits in the year 2004. Several factors lead to an improvement in conditions, including improvements in the economy to the USA and in developing countries, a weak U.S. dollar has remained relatively low level of interest rates and increased military and ” Homeland Security “spending.
The increase in production value was primarily due to higher prices per piece, and was not in the considerable increase in the volume or employment. Comparisons between 2003 and 2004, employment in manufacturing, the figures indicate that the beginning of 2004, followed by increases during the year. Total something for deserving workers for the year.
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