Jun
17

SC Outpaces Nation in Manufacturing Growth

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South Carolina has one of the fastest growing economies in the U.S. and has one of the fastest growing manufacturing sectors in the region and nation, according to a recent U.S. Commerce Department report. South Carolina’s Real GDP growth rate of 2.7 percent put it above the national average of 2.5 percent and the southeastern regional average of 2.1 percent.

The report, released by the U.S. Department of Commerce’s Bureau of Economic Analysis, ranked South Carolina’s economy as the 12th fastest growing in the nation, and tied with North Carolina as the fastest growing state on the East Coast. In addition, South Carolina had the fastest growing manufacturing GDP on the East Coast.

“South Carolina is outpacing the region and nation in GDP growth metrics,” said South Carolina Gov. Nikki Haley. “This tells me that our strategy is working: grow manufacturing, grow jobs. The race is on.”

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