MMEC – Manufacturing in Montana and The State of the Economy

Montana’s manufacturing sector remains a cornerstone of the state’s economy, generating more than $2
billion in base labor earnings in 2024 and ranking second among Montana’s base industries behind
hospitality. Manufacturing has expanded faster than the nation since 2020, driven by growth in durable goods,
but the sector began to cool in late 2024 and early 2025 with declines in wood products and food production.
Establishment growth over the past decade highlights entrepreneurship and diversification, though recent
closures mark the first broad contraction in years. Exports rebounded strongly in 2024, led by petroleum and
transportation equipment, while workforce shortages and rising input costs continue to challenge
manufacturers.