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In the latest Manufacturers’ Outlook Survey from the National Association of Manufacturers (NAM), it is clear that businesses continue to experience highly elevated levels of activity as a result of pro-growth policies like tax reform, with optimism once again breaking records—95.1 percent of respondents were either somewhat or very positive about their own company’s outlook, the highest rate since the 20- year-old survey was introduced in the fourth quarter of 1997 (Figure 1). In general, those completing this survey have been upbeat since the end of 2016, averaging 92.6 percent positive over the past six quarters. Additionally, the Manufacturing Outlook Index also rose to an all-time high in this report, the seventh straight quarter where the outlook exceeded the survey’s historical average.
NAM stands for The National Association of Manufacturers, 2017 report
Annual reports are released twice per year.Initial report in the month of March.Revised report in the month of October.
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