Manufacturing is now smallest share of U.S. economy in 72 Years

MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH
MANUFACTURING MADE UP 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH
WASHINGTON – Three years after Donald Trump campaigned for president pledging a factory renaissance, the opposite appears to be happening. Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before…

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