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2000-2010 a 'de-industrialization decade' for US manufacturing

from Plastics Today

Calling it a "de-industrialization decade", the U.S. Business and Industry Council's analysis of new trade and output data showed that 70 different U.S. manufacturing industries ran trade deficits in 2009 at a time when the recession depressed domestic demand, with alarming rates of decline going back to 2000. Plastics and related industries were not spared, according to the USBIC, with the material among the 15 of 114 industries that saw "unusually fast-growing import penetration rates," losing 15 percent or more of their home U.S. market to imports. more

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