Manufacturer confidence at a 20-year high

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Manufacturing Business Outlook by Quarter, 2015–2017 — The NAM Manufacturers’ Outlook Survey found 93.3% of manufacturers are somewhat or very positive about their own company’s outlook, up from 56.6% at Q1 2016 and 77.8 percent in Q4 2016.

The National Assn. of Manufacturers reported that the results of its quarterly NAM Manufacturers’ Outlook survey show optimism increased to 93.3% during Q1 2017, a record high in the survey’s nearly 20-year history. The rise corresponds with an increase manufacturing activity, NAM noted, and is based on widely shared confidence that the administration of President Donald Trump will provide relief from government regulations, tax reform, and significant investments in U.S. infrastructure.