News from the NAM: Selected Information from the National Association of Manufacturers
The NAM’s 2020 3rd Quarter Manufacturers’ Outlook Survey
No surprise, the NAM’s survey shows strong use of liquidity programs like the Paycheck Protection Program, Main Street Lending Program or other liquidity programs. Of those firms taking advantage of such programs, 91.6% reported that those funds helped keep their business afloat, retain their workforce or meet other necessary expenses.
Manufacturing optimism has also rebounded to 66% since the second quarter of 2020, where it hit the worst reading since the Great Depression. Still, the outlook remains below the historical average of 74.4%, and 62% of manufacturers expect their firm’s revenues will not get back to pre-COVID-19 levels until 2021 or later.
Download the full report here.
The NAM’S Report on Leadership Through Crisis
This 12-page report highlights all the ways the NAM has delivered for manufacturers so far this year. This includes the 60 policy accomplishments related to COVID-19 or included in the NAM’s recovery and renewal plans. It also includes the ways the NAM mobilized personal protective equipment, helped manufacturers reopen and respond and continued to strengthen the manufacturing workforce. Find the report here.
Find regular updates from the NAM on NAM.org, Facebook, Twitter, LinkedIn and Instagram.