The NAM released its second quarter 2016 Manufacturers’ Outlook Survey showing concerns over continuing economic challenges
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NAM Manufacturing Outlook Index
Numbers greater than 50 suggest the manufacturing outlook is above average, coinciding with an expanding sector.
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Expected Growth Rate Over the Next 12 Months
RESPONDENTS POSITIVE IN THEIR COMPANY'S OUTLOOK
(March: Up 0.4%)
(March: Up 0.5%)
(March: Down 0.6%)
(March: Down 0.3%)
(March: Up 0.02%)
(March: Down 0.4%)
(March: Down 1.5%)
(March: Up 1.1%)
HEALTH INSURANCE COSTS
(March: Up 7.6%)
Manufacturers on Regulatory Burdens
The data tend to confirm the notion that cumulative regulatory burdens keep getting larger. For instance, 82.6 percent of respondents said their company’s total spending on state and federal regulatory compliance had increased either modestly or substantially over the past few years.
of respondents said their company’s total spending on state and federal regulatory compliance had increased either modestly or substantially over the past few years
Manufacturers on Tax Reform
Almost three-fourths of respondents said a corporate tax rate of 25 percent or less would make them more competitive, with a permanent and enhanced R&D incentive cited by 61.2 percent.
of respondents said a corporate tax rate of 25 percent or less would make them more competitive
NAM’s Moutray Discusses 2016 Second Quarter Outlook Survey
CNBC's Rick Santelli speaks to Chad Moutray, NAM Chief Economist, about structural issues for the manufacturing industry.