Last updateWed, 30 Sep 2020 2pm

Manufacturing & The Economy

NAM Survey: Manufacturing Stabilizes in Fourth Quarter

The National Association of Manufacturers released the results of the Manufacturers’ Outlook Survey for the fourth quarter of 2019. The survey shows that manufacturing optimism has stabilized with nearly 68% of manufacturers reporting a positive outlook for their business, essentially the same rate as the third quarter release. The inability to attract and retain a quality workforce remained manufacturers’ top business concern (63.8%) for the ninth straight quarter. The survey was conducted prior to announced agreements on the U.S.–Mexico–Canada Agreement, “phase one” trade deal with China and long-term reauthorization of the Export-Import Bank—important progress that will boost certainty for manufacturers entering the new year.

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