Manufacturer Optimism at All Time High

This week the National Association of Manufacturers released the fourth quarter results of its Manufacturers’ Outlook survey, a survey of its members, showing that manufacturers’ confidence in the economy is at an all-time high. 

Additionally, the survey showcases the importance for tax reform toward economic growth.

Here are some of the survey findings:

• 94.6% said they are positive about their own company’s outlook. This is a record high for the 20+ years that this survey has been performed.
• 63% said comprehensive business tax reform would encourage their company to increase capital spending.
• 58% said they would expand their businesses if the tax reform package passed.
• 57.9% said they would hire more workers if the tax reform package passed.

Here’s more from the survey. 12/13/2017