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Reasons to be optimistic about manufacturing right now

Industry News  

Spirits are high in the manufacturing world. In fact, 87.9% of small manufacturers reported that they were feeling optimistic! Growth rates and employee wages are expected to increase and businesses are trying to expand. While the labor gap is still projected to be an issue with many positions remaining unfilled, there is incredible potential in the industry right now. Industry Week said, “On average this year, 92.4% of manufacturers surveyed reported a positive outlook for their companies, according to the group’s. Manufacturers' Outlook Survey for the fourth quarter of 2018, released on Dec. 20.”

2018 Was Record Year for Manufacturers' Optimism

Putting a damper on the positive outlook, however, was the inability to attract and retain a quality workforce remained manufacturers’ top concern (68.2%) in the fourth quarter, followed by increased raw material costs and trade uncertainties.Highlights from the fourth quarter survey include the f

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