Manufacturers' Optimism Rises in the First Quarter

The Hill

Manufacturers' optimism is on the rise but remains stymied by the nation's troubling long-term fiscal situation, which has been weighing on hiring. Confidence bounced back to 70.1 percent during the January-March quarter from the lowest level in more than three years during the final three months of 2012, according to a survey released Monday by the National Association of Manufacturers (NAM). At the end of last year, with the so-called "fiscal cliff" looming in Congress, manufacturers' outlook on economic conditions sank to 51.8 percent. The uptick this year, so far, brings optimism back to levels from six months ago, but leaves some work to be done to reach the 88.7 percent it started out at a year ago.


Why Is This Relevant To The Midmarket: 

Midsize manufacturers should always be aware of the overall health of their industry in the country in order to make good decisions.