Manufacturing pumped $22.5B into SA economyManufacturing pumped $22.5B into SA economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89262012-11-28T13:29:00Z2012-11-28T00:00:00Z

SAN ANTONIO - A new report estimates manufacturing companies pumped $22.5 billion into the local economy last year.

The manufacturing industry's workforce expanded less than 8 percent from 45,463 employees in 1991 to 51,025 last year.

However, during the past two decades, the industry's economic effect ballooned more than 200 percent while total wages grew 122 percent.

Average salaries for manufacturing employees rose almost 15 percent. The typical manufacturing employee in San Antonio earned an average $47,499 last year — 11 percent above the average salary earned by all workers in the city.

The manufacturing industry's economic effect trails that of the military in San Antonio, estimated at $27.7 billion last year, and the health care and biosciences industry's $24.5 billion effect in 2009.

The financial services and hospitality industries came in fourth and fifth with economic effects of $20.5 billion in 2004 and $12.2 billion in 2011, respectively.

The report's authors were Trinity University professors Richard Butler and Mary Stefl.

Read more at the San Antonio Express-News.

San Antonio Express-News
San Antonio-New Braunfels
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