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Home » Survey: Manufacturing Outlook Edges Up in Second Quarter

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INDUSTRY HEADLINE

Survey: Manufacturing Outlook Edges Up in Second Quarter

June 20, 2016
KEYWORDS manufacturing
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WASHINGTON — The National Association of Manufacturers released the results of its second quarter 2016 Manufacturers’ Outlook Survey, showing an uptick in overall sentiment. In this survey, 61.7 percent of manufacturers expressed positivity about their own company’s outlook, up from 56.6 percent who said the same thing in March. This marks the most optimistic manufacturers have been since December 2015.

“While this survey offers a bit of optimism for manufacturers, there is still a dramatic need for improvement before our sector can regain its footing,” said NAM Chief Economist Chad Moutray. “This survey, coupled with the latest jobs report, should serve as a stark reminder to Congress that policy priorities, including market-opening trade agreements and comprehensive tax reform as well as addressing regulatory barriers, are top of manufacturers’ minds. If lawmakers in Washington take action on these and other items, they could help reverse the pain manufacturers are experiencing, expanding job opportunities and strengthening the broader economy as a result.”

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