‘Record Optimism’: Over 95 Percent of Manufacturers Positive About the Future
 

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Optimism about the future for manufacturing companies in the United States has hit an all-time record.

A new survey from the National Association of Manufacturers (NAM) found that 95.1 percent of manufacturers have a “positive outlook” about their own companies. That’s the highest rate recorded since the survey was first introduced in the fourth quarter of 1997, over 20 years ago.

The record result comes six months after the Tax Cuts and Jobs Act sparked the economy in December last year and follows a whirlwind of other positive news on increasing wages, hiring, and capital investments.

“This record optimism is no accident. It is fueled by the game-changing tax reform passed six months ago,” NAM President and CEO Jay Timmons said.

“Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment, and expanding right here in the United States. And the best part is, with manufacturers’ record-setting confidence and plans to keep hiring and growing, more good news is yet to come.”

In fact, those who have been completing the survey have been averaging an upbeat 92.6 percent outlook for their companies in the past six quarters. Spurred on by the tax reform, manufacturers have promised to hire more workers, creating more jobs and putting more money back into the pockets of workers.

The NAM also credits the historic numbers from other policy changes by the Trump administration that sought to reduce unnecessary regulatory burdens and introduced pro-growth policies. Trump has set a record in cutting red tape; the Obama administration alone increased the nation’s regulatory burden by more than $122 billion annually.

“Our economy is perhaps better than it has ever been.” Trump wrote in a June 17 tweet. “Companies doing really well, and moving back to America, and jobs numbers are the best in 44 years.”

At the same time, the Manufacturing Outlook Index also rose to an all-time high of 63.8, making it the seventh straight quarter when the outlook exceeded the survey’s historical average.

But it’s not just the manufacturing and economic sector that has been seeing record numbers. American satisfaction with the way things are currently going in the United States has reached the highest level since September 2005.


According to a Gallup poll released June 18, 38 percent of Americans are satisfied, marking a 12-year high. It’s also the second month in a row when the satisfaction rate has been above 35 percent.

Record unemployment levels not seen since 2000 and the economic expansion that is now the second-longest on record—all set in motion by Trump’s economic policies—could help explain the historic approval numbers.

25% steel tarrifs crush South Carolina BMW plant and Daimler hit with collateral damage in US trade war with China

BMW has its largest factory in Spartanburg, South Carolina, and faces a $965 million impact from Chinese tariffs, with Daimler exposed to a $765m hit, analysts say

German car makers BMW and Daimler are under increasing pressure to diversify production of their 4x4s outside the United States as a result of Washington's growing trade tensions with China.

Beijing's proposed 25 per cent tax on US car factory exports will hit nearly 270,000 vehicles, with German car makers accounting for US$7 billion (Dh25.71bn) of the $11bn total.

look what Trump is doing to reduce CO2 while the fraudulous carfactories finally pay for their fraud! Trump should call it a CO2 tax, than everybody would be happy. Why should i reduce my CO2 while governments help carplants to pollute more and use steel what is made by energy of coal powerplants. And than it is about those big polluting 4X4's that most people don't even need. If they have money for a BMW 4X4, they also are able to some more. In Holland the German cars are also 30% - 40% more expensive than in Germany due to extra taxes…. and that is our Neighbour, in the 1 market EU. So they better stop complaining about a small 25%. It is for the environment!

In the mean time Arcelor Mittal asks the EU to put on tarrifs to protect the EU steel industry now the cheap steel is dumped in the EU.

Or must i feel sorry for the German car industry stock holders?

funny how the emperors new clothes are visible only to the fanboys...its also amazing how everything now costs more but it is "boooming" even though it goes against the most basic principles of economy :1orglaugh:1orglaugh:1orglaugh

well - just have a look at the real numbers (don´t forget to watch the history)

HERE