2018 Second Quarter Manufacturers' Outlook Survey

With the enactment of tax reform, manufacturers promised to hire more workers, create more jobs and put more money in the pockets of manufacturing workers. Now as we mark the six-month anniversary of the enactment, it is clear that manufacturers are keeping their promise. According to the latest Manufacturers’ Outlook Survey, an astounding 95.1 percent of manufacturers registered a positive outlook for their company, the highest level recorded in the survey’s 20-year history. Additionally, expected growth for investments, hiring and wages is reaching historic highs.

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Tax Reform Fuels Manufacturing Growth and Investment


“This record optimism is no accident. It is fueled by the game-changing tax reform passed six months ago. Last year, manufacturers promised that we would deliver for our people and our communities if tax reform became law. Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment and expanding right here in the United States. And the best part is, with manufacturers’ record-setting confidence and plans to keep hiring and growing, more good news is yet to come.”NAM President and CEO Jay Timmons

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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