BOSTON—After decades of hollowing out, U.S. manufacturing is overtaking competitors and stands to grab up to $115 billion more in export business from rivals by 2020, a new report said Tuesday. By 2015, average manufacturing costs in the five major advanced export economies—Germany, Japan, France, Italy and Britain—will be 8 to 18 percent higher than those in the United States.
WASHINGTON—Some 84 percent of Americans “strongly agree” or “agree” that the United States needs a more strategic approach to developing its manufacturing base, but only about 35 percent believe that federal and state governments are helping create a competitive advantage for the United States versus other countries.
