80% of repondents blame government involvement with impeding their ability to grow

  • |

    Manufacturing Outlook Still Positive- But…

    Three takeaways:
    1.Current outlook- manufacturers optimism has declined from 86.4% of respondents either very or somewhat positive in their
    business outlook in the June survey, only 65.4% said the same in the third quarter — a drop of over 20 percentage points.
    2.Economy is top concern -nearly 65% of manufacturers surveyed said that a weaker domestic economy was hurting their sales.
    3.Regulatory issues are real drag on growth- almost 61% said that an unfavorable business climate was one of the biggest
    challenges right now, and nearly 80% felt that government involvement was impeding their ability to grow their operations.