Chart 2. Measures of value-added, sectoral, and gross output for the manufacturing sector, 1997–2021 (index, 1997 = 100)
Year	Value-added output	Sectoral output	Gross output
1997	100.00	100.00	100.00
1998	104.69	104.75	104.87
1999	110.84	109.17	108.67
2000	117.95	112.09	111.45
2001	110.81	106.77	105.55
2002	113.52	107.83	105.26
2003	122.93	109.22	106.16
2004	129.16	111.93	108.54
2005	131.26	116.29	112.44
2006	138.54	118.20	114.26
2007	141.21	121.66	116.95
2008	142.84	116.15	111.68
2009	121.74	101.77	96.21
2010	133.53	108.90	102.73
2011	134.07	112.08	105.70
2012	132.22	113.40	107.50
2013	132.93	115.58	109.69
2014	139.31	116.88	111.66
2015	137.53	115.54	111.22
2016	133.93	115.23	110.21
2017	140.08	115.07	110.23
2018	144.62	117.33	112.20
2019	140.20	114.69	109.85
2020	134.97	106.64	102.39
2021	151.64	112.06	106.48
Note: The business cycle periods are 2000–07, 2007–19, and 2019–21. The latter period is an incomplete business cycle. The recession periods are 2007–09 and 2019–20. Source: U.S. Bureau of Labor Statistics unpublished manufacturing production account.