2016 Manufacturers' Outlook Survey - Third Quarter

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Regulations, Health Care Top Concerns

The third quarter NAM 2016 Manufacturers’ Outlook Survey shows manufacturers continue to cope with policy headwinds.

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NAM Manufacturing Outlook Index

41.8

(June: 42.3)

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 

61.0%

RESPONDENTS POSITIVE IN THEIR COMPANY'S OUTLOOK

(June: 61.7%)

Arrow Green Up1.9%

SALES

(June: Up 1.6%)

Arrow Green Up2.1%

PRODUCTION

(June: Up 1.5%)

Arrow Green Up0.4%

EXPORTS

(June: Up 0.2%)

Arrow Green Up0.8%

CAPITAL INVESTMENT

(June: Up 0.6%)

Arrow Green Up 0.8%

PRICES

(June: Up 0.06%)

Arrow Green Up 0.4%

FULL-TIME EMPLOYMENT

(June: Up 0.2%)

Arrow Red Down 0.7%

INVENTORIES

(June: Down 1.0%)

Arrow Green Up 1.5%

EMPLOYEE WAGES

(June: Up 1.5%)

Arrow Green Up 8.5%

HEALTH INSURANCE COSTS

(June: Up 8.3%)

 

Manufacturers’ Sentiments 

Manufacturing sentiment dropped substantially for smaller manufacturing firms (fewer than 50 employees), with just 48.7 percent positive in their outlook in this survey, down from 56.1 percent.

48.7%
of respondents were positive in their outlook in this survey, down from 56.1 percent.

Manufacturers on Health Care

Rising health insurance costs were cited as their top business challenge (Figure 4), cited by nearly three-quarters of manufacturers completing the survey.


Manufacturers on Regulatory Burdens 

The cumulative burden of ever-increasing regulations comes at a cost. Manufacturers surveyed felt that government regulation stifles economic growth, disproportionately hurts small businesses, creates bureaucratic red tape and slows innovation.

 

The NAM Manufacturers’ Outlook Survey is conducted quarterly among the National Association of Manufacturers’ Membership of small, medium and large manufacturers. Contact us today to learn more about NAM Membership.

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