2016 Manufacturers' Outlook Survey - Second Quarter

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Manufacturers Polled

The NAM released its second quarter 2016 Manufacturers’ Outlook Survey showing concerns over continuing economic challenges

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NAM Manufacturing Outlook Index

42.2

(March: 38.7)

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

61.7%

RESPONDENTS POSITIVE IN THEIR COMPANY'S OUTLOOK

(March: 56.6%)

Arrow Green Up1.6%

SALES

(March: Up 0.4%)

Arrow Green Up1.5%

PRODUCTION

(March: Up 0.5%)

Arrow Green Up0.2%

EXPORTS

(March: Down 0.6%)

Arrow Green Up0.6%

CAPITAL INVESTMENT

(March: Down 0.3%)

Arrow Green Up 0.6%

PRICES

(March: Up 0.02%)

Arrow Green Up 0.2%

FULL-TIME EMPLOYMENT

(March: Down 0.4%)

Arrow Red Down 1.0%

INVENTORIES

(March: Down 1.5%)

Arrow Green Up 1.5%

EMPLOYEE WAGES

(March: Up 1.1%)

Arrow Green Up 8.3%

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.

82.6%
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.

74.3%
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.

 

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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  • 06/16/2016
    Survey Says: Manufacturing Outlook Edges Up in Second Quarter
    NAM released the results of its second quarter 2016 Manufacturers’ Outlook Survey, showing an uptick in overall sentiment.
  • 03/09/2016
    NAM Survey: Business Leaders Remain Anxious in First Quarter

    The NAM issued the first quarter results of its 2016 Manufacturers’ Outlook Survey today. The report shows a continued decline in sentiment among manufacturing executives and anxiety over the faltering global business climate.

  • 12/08/2015
    NAM Survey: Economic Outlook Diminishes in Fourth Quarter
    The NAM released its fourth quarter 2015 Manufacturers’ Outlook Survey today, revealing a five-point drop in the NAM Manufacturing Outlook Index and that manufacturers continue to cite an unfavorable business climate as their top business challenge.
  • 09/10/2015
    NAM Survey: Manufacturers Continue to Feel Economic Challenges
    The National Association of Manufacturers’ (NAM) third quarter installment of its 2015 Manufacturers’ Outlook Survey reveals that although two-thirds of manufacturers polled remain positive, economic and policy challenges continue to curb their optimism.
  • 06/10/2015
    New Survey Shows Proposed Ozone Regulation Could Hamper New Construction
    The National Association of Manufacturers (NAM) Vice President of Energy and Resources Policy Ross Eisenberg released the following statement about findings from the NAM’s updated Manufacturers’ Outlook Survey.
  • 06/10/2015
    New Survey Shows Frustration Among Manufacturers
    The National Association of Manufacturers (NAM) released its updated Manufacturers’ Outlook Survey on Wednesday revealing an expected slowdown in exports, sharply highlighting the need for pro-growth policies like Trade Promotion Authority (TPA) and a long-term reauthorization of the Export-Import (Ex-Im) Bank.