One major change in the economic picture that’s occurred since the beginning of this year is that “we’re starting to see improvement in terms of sentiment,” according to Chad Moutray, chief economist for the National Association of Manufacturers (NAM). He gave a third-quarter update via webcast July 21.
“When I meet with manufacturing leaders around the country, I’m often asked: have we hit rock bottom? Are we now moving in the right direction? Some of our most recent numbers indicate that’s the case,” he said.
Moutray went on to give a cautionary, but mostly positive outlook, citing a number of sources.