Manufacturing driving regional growth as Lehigh Valley GDP reaches record-high $40.1 billion

The Lehigh Valley’s gross domestic product has reached a record-high $40.1 billion, with much of the economic growth driven by the region’s thriving manufacturing sector, according to newly-released federal data.
The $40.1 billion regional GDP for 2017 is about a 5% increase over the previous year, and growth in manufacturing was responsible for about 36 percent of that year-over-year growth, according to the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA).
“The Lehigh Valley is unique among major metropolitan areas in the United States in that manufacturing is driving such a large percentage of its growth,” said Don Cunningham, president & CEO of the Lehigh Valley Economic Development Corporation (LVEDC). “Manufacturing is clearly alive and well in the Lehigh Valley, and our regional GDP is the largest it’s ever been, far surpassing even the days of Bethlehem Steel.”
 

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