Manufacturing & The Economy
According to the second quarter National Association of Manufacturers (NAM)/IndustryWeek Survey of Manufacturers released this week, manufacturers’ concerns over health care and insurance costs are mounting. In addition, the unfavorable business climate due to taxes and regulation and uncertainties related to the political climate continue to be top concerns for manufacturers. More than half of survey respondents stated they were either not prepared or uncertain about how their firm planned to implement provisions of the Affordable Care Act at the beginning of 2014.
Key survey findings include the following:
- 82.2% of manufacturers identified rising health care and insurance costs as their top challenge, an increase from 74.0% in the previous survey.
- 66.9% identified the unfavorable business climate due to taxes and regulation as an important challenge.
- 66.9% listed uncertainties related to the political climate as a top concern.