While manufacturers had a strong 2014 and predict sales will grow 4.5% over the next four months, they are still frustrated with Washington.
According to the National Association of Manufacturers (NAM)/IndustryWeek Survey of Manufacturers released on Dec. 8., 72.7% of respondents said that the United States was on the wrong track, with just 9.1% feeling we are headed in the right direction.
“This survey took place after the midterm election, allowing the us to gauge manufacturers’ reactions to the results,” explained Chad Moutray, chief economist, National Association of Manufacturers.
“In general, respondents were pleased with the outcome, with 64.8% more optimistic that policymakers would address our long-term challenges. Indeed, 36.8% said they would raise their outlook for 2015 as a result, with 15.2% and 20.0%, respectively, suggesting they would increase employment or business investment. At the same time, 38.4% said the election outcome would have no impact on their activity or outlook.”
Beyond these policy goals, respondents were also asked about their current primary business challenges.