2017 was quite a year for American manufacturing. From the National Association of Manufacturers (NAM) Fourth Quarter survey from December of 2017, the numbers were astounding.
94.6 percent of those surveyed said they were positive about their company’s outlook, whereas it was only 89.8 percent in September – it’s even shocking to see confidence was only at 56.6 percent in Q1 of 2016! According to NAM, companies expect their production to increase 5 percent, with an anticipated 5.2 percent growth in sales, and an expected 2.2 percent increase to employee wages.
While 58.7 percent said they 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 percent. There was a baffling 32.2 percent who told NAM they were “unsure,” but it is often in our nature to hope for the best and prepare for the worst. Read on!