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.
