Study: Cheap feedstock, lower wages to push U.S. manufacturing gains

08/21/2013 | IndustryWeek

Fueled by cheap shale natural gas and comparatively lower wages, the U.S. manufacturing sector may capture as much as $115 billion in additional export business from China, Japan and Europe by 2020, according to a study by the Boston Consulting Group. "The U.S. is steadily becoming one of the lowest-cost countries for manufacturing in the developed world," BCG says. "Cheap domestic sources of natural gas translate into a significant competitive advantage for a number of U.S.-based industries," it adds.

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