NAM outlook: Overall industry confidence rising

The National Association of Manufacturers (NAM)/Industry Week business outlook survey for Q2 2007 points to confidence edging up from both large and small companies, after declining during the prior four quarters.


The National Association of Manufacturers (NAM)/ Industry Week business outlook survey for Q2 2007 points to confidence edging up from both large and small companies, after declining during the prior four quarters.

“Industry’s great untold story is that confidence among large and small manufacturers is on the rise,” says David Huether, NAM’s chief economist. “While it hasn’t returned to the heights of two years ago, there’s a notable improvement from the first quarter of this year. This is the first time in a year and a half that the business outlook improved for both large and small manufacturers.”

The survey of 293 NAM member companies showed 80 percent of large and 79 percent of small manufacturers eyeing a positive business outlook for the second quarter of 2007.

Large manufacturers—those employing more than 1,000 workers—and small companies—less than 1,000 workers—recorded their business outlook as well as their 12-month expectation on sales, prices, capital investment, inventories, employment, and wages.

Survey highlights:

Sales Expectations .through 2006.  Large firms expect their sales to increase by a more-robust 4.5 percent over the next 12 months.  This is an improvement from the first quarter. 

Pricing Expectations .t quarter of 2007, signaling that demand is picking up.

Investment Expectations .

Inventory Expectations .ve quarter that firms expect to reduce inventories.  For small companies, this is the second consecutive decline following very modest increases in inventory investment expectations in 2006.  

Employment Expectations .n of a modestly positive long term trend.  Since the second quarter of 2005, both large and small survey respondents have had positive employment expectations.  

Wage Expectations .ease by a stronger 2.3 percent over the coming year.  This is stronger than the 2 percent increase anticipated last quarter and slightly stronger that the 2.2 percent increase expected from 2004 through 2006. 

The NAM/Industry Week Manufacturing Index is at

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Top Plant; 2016 Best Practices on manufacturing progress, efficiency, safety
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
Ensuring SCADA/HMI cybersecurity; Optimize manufacturing value in real-time; Simplifying drive-based and controller-based automation
Tying a microgrid to the smart grid; Paralleling generator systems; Previewing NEC 2017 changes
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me