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Industry News: NAM: Survey Indicates Rise in Manufacturing Industry Confidence

October 1, 2007
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WASHINGTON, D.C.-The National Association of Manufacturers (NAM) and Industry Week’s joint business outlook survey for the second quarter of 2007 points to confidence edging up from both large and small companies, after declining during the prior four quarters.

“Industry’s great untold story is that confidence among large and small manufacturers is on the rise,” says David Huether, the NAM’s chief economist. “While it hasn’t returned to the heights of two years ago, there’s a notable improvement from the first quarter of this year. This is the first time in a year and a half that the business outlook improved for both large and small manufacturers.”

The survey of 293 NAM member companies showed 80% of large and 79% of small manufacturers eyeing a positive business outlook for the second quarter of 2007. This is a jump from the 78% and 77% of large and small respondents reporting a positive business outlook for the first quarter of this year.

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