The increasing U.S. production of oil and gas through unconventional extraction techniques—such as natural gas extracted from shale rock formation—could provide a boost to the manufacturing sector. However, our analysis suggests that the “pull” from the energy boom to manufacturing has been limited. Based on the scenarios in the2013 Annual Energy outlook by the U.S. Energy Information Administration, additional production of oil and gas would result in a positive contribution to manufacturing growth of around 0.1 – 0.3 percentage points per year through the end of the decade.
Nondurable goods, such as the production of chemicals or primary metals, would benefit much more than sectors that rebounded strongly from the recession, such as computers and electronics and automobiles.
Source: IMF
