Last year was quite successful for American manufacturing. The National Association of Manufacturers (NAM) Fourth Quarter survey from December of 2017 confirms it.
94.6% of those surveyed in December said they were positive about their company’s outlook. It was only 89.8% in September.
Confidence was only 56.6% in Q1 of 2016. According to NAM, companies expect their production to increase 5%, with an anticipated 5.2% growth in sales, and an expected 2.2% increase to employee wages.
58.7% feel American manufacturing is heading in the right direction. Those who felt it is going in the wrong direction were in the minority at 21.4%. 32.2% told NAM they were “unsure,” but it is in our nature to hope for the best and prepare for the worst. Read on!