Why Manufacturing Drives Long-Term Economic Growth
· Texas Border Business
Manufacturing is a key driver of long-term economic growth, creating value and income in local areas. The Institute for Supply Management's Manufacturing Purchasing Managers’ Index (PMI) indicates expansion, with a July reading of 55.6, the highest since May 2022. AI-related investments and strong orders for semiconductors and electrical equipment are major contributors. Manufacturing employment has increased by about 6,000 jobs from June 2025 to June 2026, with job openings also rising. Texas leads the U.S. in manufacturing investments at $674.1 billion, significantly higher than Virginia's $311.8 billion, indicating a robust manufacturing sector poised for growth.
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