U.S. Semiconductor Industry Soars While Manufacturing Stalls
In the U.S. manufacturing sector, overall industrial production has exhibited stagnation since the late 1990s. However, notable growth has been observed in computer and semiconductor manufacturing. From 2000 to February 2024, the production index for total manufacturing increased by a modest 2.6%. In contrast, the production index for computer and electronic products surged by 280%, while semiconductors and other electronic components experienced an extraordinary surge of 1877%.
During this period, the majority of manufacturing subsectors witnessed a decline in production. This decline encompassed machinery, plastics and rubber products, fabricated metal products, primary metals, electrical equipment and components, as well as most segments of textile, apparel, and leather products.
Dataset
U.S. Industrial production index (2000=100) | |||
---|---|---|---|
Total manufacturing | Computer and electronic products | Semiconductor and other electronic components | |
2000-01 | 99 | 88 | 80 |
2000-02 | 99 | 90 | 83 |
2000-03 | 100 | 92 | 86 |
2000-04 | 100 | 95 | 91 |
2000-05 | 100 | 98 | 96 |
2000-06 | 101 | 100 | 99 |
2000-07 | 101 | 103 | 105 |
2000-08 | 100 | 104 | 106 |
2000-09 | 100 | 105 | 108 |
2000-10 | 100 | 106 | 110 |
2000-11 | 100 | 108 | 115 |
2000-12 | 99 | 110 | 118 |
2001-01 | 99 | 110 | 117 |
2001-02 | 98 | 109 | 116 |
2001-03 | 98 | 109 | 117 |
2001-04 | 98 | 108 | 115 |
2001-05 | 97 | 107 | 113 |
2001-06 | 96 | 105 | 112 |
2001-07 | 96 | 102 | 107 |
2001-08 | 96 | 102 | 109 |
2001-09 | 95 | 101 | 111 |
2001-10 | 95 | 100 | 113 |
2001-11 | 94 | 99 | 111 |
2001-12 | 95 | 101 | 117 |
2002-01 | 95 | 100 | 119 |
2002-02 | 95 | 101 | 124 |
2002-03 | 96 | 102 | 126 |
2002-04 | 96 | 102 | 130 |
2002-05 | 97 | 102 | 132 |
2002-06 | 98 | 103 | 134 |
2002-07 | 97 | 103 | 136 |
2002-08 | 98 | 104 | 138 |
2002-09 | 98 | 104 | 140 |
2002-10 | 97 | 104 | 141 |
2002-11 | 98 | 105 | 142 |
2002-12 | 97 | 106 | 144 |
2003-01 | 98 | 107 | 149 |
2003-02 | 98 | 110 | 154 |
2003-03 | 98 | 111 | 156 |
2003-04 | 97 | 111 | 159 |
2003-05 | 97 | 114 | 165 |
2003-06 | 98 | 116 | 171 |
2003-07 | 98 | 119 | 180 |
2003-08 | 98 | 122 | 185 |
2003-09 | 98 | 124 | 193 |
2003-10 | 99 | 127 | 200 |
2003-11 | 99 | 129 | 206 |
2003-12 | 99 | 130 | 208 |
2004-01 | 99 | 132 | 211 |
2004-02 | 100 | 134 | 216 |
2004-03 | 100 | 136 | 221 |
2004-04 | 100 | 136 | 224 |
2004-05 | 101 | 138 | 229 |
2004-06 | 100 | 138 | 230 |
2004-07 | 101 | 140 | 229 |
2004-08 | 102 | 141 | 231 |
2004-09 | 102 | 143 | 235 |
2004-10 | 103 | 144 | 237 |
2004-11 | 103 | 144 | 238 |
2004-12 | 103 | 147 | 243 |
2005-01 | 104 | 149 | 253 |
2005-02 | 105 | 151 | 260 |
2005-03 | 104 | 152 | 264 |
2005-04 | 105 | 155 | 272 |
2005-05 | 105 | 156 | 276 |
2005-06 | 105 | 156 | 279 |
2005-07 | 105 | 158 | 284 |
2005-08 | 106 | 161 | 291 |
2005-09 | 104 | 164 | 301 |
2005-10 | 106 | 166 | 307 |
2005-11 | 107 | 168 | 307 |
2005-12 | 107 | 169 | 310 |
2006-01 | 108 | 170 | 312 |
2006-02 | 108 | 171 | 315 |
2006-03 | 107 | 172 | 314 |
2006-04 | 108 | 174 | 311 |
2006-05 | 108 | 176 | 314 |
2006-06 | 108 | 180 | 316 |
2006-07 | 108 | 182 | 317 |
2006-08 | 108 | 185 | 328 |
2006-09 | 108 | 188 | 337 |
2006-10 | 108 | 190 | 341 |
2006-11 | 108 | 191 | 346 |
2006-12 | 110 | 194 | 350 |
2007-01 | 109 | 196 | 353 |
2007-02 | 110 | 198 | 359 |
2007-03 | 111 | 204 | 373 |
2007-04 | 111 | 209 | 387 |
2007-05 | 111 | 209 | 395 |
2007-06 | 111 | 206 | 406 |
2007-07 | 111 | 207 | 421 |
2007-08 | 111 | 208 | 427 |
2007-09 | 111 | 211 | 437 |
2007-10 | 111 | 215 | 455 |
2007-11 | 112 | 221 | 474 |
2007-12 | 112 | 225 | 491 |
2008-01 | 112 | 227 | 492 |
2008-02 | 111 | 231 | 510 |
2008-03 | 111 | 234 | 525 |
2008-04 | 109 | 235 | 527 |
2008-05 | 109 | 235 | 531 |
2008-06 | 108 | 235 | 531 |
2008-07 | 107 | 231 | 518 |
2008-08 | 105 | 228 | 513 |
2008-09 | 102 | 224 | 502 |
2008-10 | 101 | 217 | 469 |
2008-11 | 99 | 208 | 421 |
2008-12 | 95 | 200 | 376 |
2009-01 | 92 | 196 | 366 |
2009-02 | 92 | 198 | 377 |
2009-03 | 90 | 199 | 390 |
2009-04 | 90 | 199 | 401 |
2009-05 | 89 | 200 | 411 |
2009-06 | 89 | 200 | 422 |
2009-07 | 90 | 202 | 441 |
2009-08 | 91 | 203 | 454 |
2009-09 | 92 | 205 | 476 |
2009-10 | 92 | 206 | 494 |
2009-11 | 93 | 208 | 510 |
2009-12 | 93 | 209 | 513 |
2010-01 | 94 | 214 | 539 |
2010-02 | 94 | 219 | 569 |
2010-03 | 95 | 224 | 597 |
2010-04 | 96 | 228 | 619 |
2010-05 | 97 | 230 | 636 |
2010-06 | 97 | 231 | 643 |
2010-07 | 97 | 234 | 657 |
2010-08 | 98 | 235 | 670 |
2010-09 | 98 | 236 | 680 |
2010-10 | 98 | 237 | 692 |
2010-11 | 98 | 240 | 717 |
2010-12 | 98 | 244 | 750 |
2011-01 | 98 | 246 | 767 |
2011-02 | 99 | 247 | 772 |
2011-03 | 99 | 247 | 768 |
2011-04 | 99 | 246 | 767 |
2011-05 | 99 | 248 | 772 |
2011-06 | 99 | 246 | 774 |
2011-07 | 99 | 249 | 767 |
2011-08 | 100 | 252 | 785 |
2011-09 | 100 | 253 | 786 |
2011-10 | 101 | 252 | 781 |
2011-11 | 100 | 254 | 790 |
2011-12 | 101 | 258 | 801 |
2012-01 | 102 | 261 | 809 |
2012-02 | 102 | 265 | 824 |
2012-03 | 102 | 265 | 834 |
2012-04 | 102 | 268 | 845 |
2012-05 | 102 | 268 | 858 |
2012-06 | 102 | 273 | 872 |
2012-07 | 102 | 274 | 866 |
2012-08 | 102 | 272 | 856 |
2012-09 | 102 | 272 | 871 |
2012-10 | 101 | 273 | 891 |
2012-11 | 102 | 276 | 888 |
2012-12 | 103 | 277 | 890 |
2013-01 | 103 | 276 | 894 |
2013-02 | 103 | 275 | 886 |
2013-03 | 103 | 275 | 893 |
2013-04 | 102 | 276 | 913 |
2013-05 | 103 | 278 | 928 |
2013-06 | 103 | 277 | 940 |
2013-07 | 102 | 279 | 956 |
2013-08 | 103 | 281 | 972 |
2013-09 | 103 | 282 | 982 |
2013-10 | 103 | 284 | 1,010 |
2013-11 | 103 | 284 | 1,026 |
2013-12 | 103 | 282 | 1,039 |
2014-01 | 102 | 283 | 1,064 |
2014-02 | 103 | 285 | 1,094 |
2014-03 | 104 | 288 | 1,119 |
2014-04 | 104 | 289 | 1,142 |
2014-05 | 104 | 291 | 1,168 |
2014-06 | 105 | 291 | 1,177 |
2014-07 | 105 | 292 | 1,182 |
2014-08 | 104 | 293 | 1,182 |
2014-09 | 104 | 294 | 1,182 |
2014-10 | 104 | 296 | 1,179 |
2014-11 | 105 | 295 | 1,174 |
2014-12 | 105 | 296 | 1,174 |
2015-01 | 104 | 296 | 1,174 |
2015-02 | 103 | 295 | 1,169 |
2015-03 | 104 | 293 | 1,158 |
2015-04 | 104 | 293 | 1,152 |
2015-05 | 104 | 293 | 1,143 |
2015-06 | 103 | 295 | 1,149 |
2015-07 | 104 | 293 | 1,141 |
2015-08 | 104 | 293 | 1,146 |
2015-09 | 103 | 293 | 1,152 |
2015-10 | 103 | 291 | 1,157 |
2015-11 | 103 | 290 | 1,161 |
2015-12 | 103 | 292 | 1,177 |
2016-01 | 103 | 291 | 1,166 |
2016-02 | 103 | 292 | 1,178 |
2016-03 | 103 | 294 | 1,187 |
2016-04 | 103 | 294 | 1,197 |
2016-05 | 103 | 296 | 1,210 |
2016-06 | 103 | 295 | 1,230 |
2016-07 | 103 | 296 | 1,261 |
2016-08 | 102 | 301 | 1,276 |
2016-09 | 103 | 304 | 1,303 |
2016-10 | 103 | 309 | 1,325 |
2016-11 | 103 | 312 | 1,337 |
2016-12 | 103 | 313 | 1,347 |
2017-01 | 103 | 314 | 1,360 |
2017-02 | 103 | 312 | 1,374 |
2017-03 | 102 | 317 | 1,395 |
2017-04 | 104 | 323 | 1,447 |
2017-05 | 103 | 322 | 1,447 |
2017-06 | 103 | 321 | 1,436 |
2017-07 | 103 | 321 | 1,423 |
2017-08 | 103 | 322 | 1,420 |
2017-09 | 103 | 323 | 1,428 |
2017-10 | 104 | 327 | 1,448 |
2017-11 | 104 | 329 | 1,473 |
2017-12 | 104 | 327 | 1,492 |
2018-01 | 103 | 330 | 1,496 |
2018-02 | 104 | 329 | 1,495 |
2018-03 | 104 | 331 | 1,499 |
2018-04 | 105 | 333 | 1,512 |
2018-05 | 104 | 333 | 1,516 |
2018-06 | 105 | 336 | 1,533 |
2018-07 | 105 | 341 | 1,542 |
2018-08 | 105 | 341 | 1,551 |
2018-09 | 105 | 340 | 1,536 |
2018-10 | 105 | 340 | 1,516 |
2018-11 | 104 | 338 | 1,484 |
2018-12 | 105 | 342 | 1,474 |
2019-01 | 104 | 343 | 1,497 |
2019-02 | 103 | 343 | 1,511 |
2019-03 | 103 | 343 | 1,517 |
2019-04 | 102 | 343 | 1,529 |
2019-05 | 102 | 341 | 1,527 |
2019-06 | 103 | 341 | 1,534 |
2019-07 | 102 | 341 | 1,548 |
2019-08 | 103 | 341 | 1,570 |
2019-09 | 102 | 343 | 1,568 |
2019-10 | 101 | 340 | 1,571 |
2019-11 | 102 | 344 | 1,604 |
2019-12 | 102 | 347 | 1,626 |
2020-01 | 102 | 348 | 1,596 |
2020-02 | 102 | 349 | 1,549 |
2020-03 | 97 | 345 | 1,548 |
2020-04 | 82 | 330 | 1,518 |
2020-05 | 86 | 323 | 1,513 |
2020-06 | 93 | 337 | 1,546 |
2020-07 | 96 | 339 | 1,591 |
2020-08 | 97 | 342 | 1,594 |
2020-09 | 97 | 333 | 1,624 |
2020-10 | 98 | 334 | 1,664 |
2020-11 | 99 | 338 | 1,680 |
2020-12 | 99 | 338 | 1,683 |
2021-01 | 100 | 340 | 1,697 |
2021-02 | 96 | 336 | 1,697 |
2021-03 | 99 | 345 | 1,717 |
2021-04 | 100 | 350 | 1,772 |
2021-05 | 101 | 360 | 1,802 |
2021-06 | 101 | 358 | 1,754 |
2021-07 | 102 | 360 | 1,715 |
2021-08 | 101 | 361 | 1,710 |
2021-09 | 100 | 357 | 1,701 |
2021-10 | 102 | 358 | 1,701 |
2021-11 | 103 | 360 | 1,716 |
2021-12 | 103 | 360 | 1,714 |
2022-01 | 102 | 356 | 1,717 |
2022-02 | 103 | 359 | 1,740 |
2022-03 | 104 | 357 | 1,729 |
2022-04 | 104 | 356 | 1,682 |
2022-05 | 104 | 356 | 1,671 |
2022-06 | 103 | 357 | 1,678 |
2022-07 | 103 | 354 | 1,676 |
2022-08 | 104 | 357 | 1,667 |
2022-09 | 104 | 358 | 1,684 |
2022-10 | 104 | 357 | 1,669 |
2022-11 | 103 | 358 | 1,681 |
2022-12 | 101 | 349 | 1,640 |
2023-01 | 103 | 349 | 1,618 |
2023-02 | 103 | 352 | 1,665 |
2023-03 | 102 | 353 | 1,706 |
2023-04 | 103 | 359 | 1,764 |
2023-05 | 103 | 359 | 1,784 |
2023-06 | 102 | 362 | 1,774 |
2023-07 | 103 | 369 | 1,839 |
2023-08 | 103 | 369 | 1,851 |
2023-09 | 103 | 368 | 1,870 |
2023-10 | 102 | 374 | 1,904 |
2023-11 | 103 | 376 | 1,925 |
2023-12 | 103 | 375 | 1,945 |
2024-01 | 102 | 377 | 1,969 |
2024-02 | 103 | 380 | 1,973 |