In Market Watch, the National Glass Association presents a quick glance at one economic indicator for glass industry leaders to track as they look to identify opportunities for growth and potential challenges ahead.
In the fourth-quarter Manufacturers’ Outlook Survey from the National Association of Manufacturers, 74.2 percent of respondents said they were either somewhat or very positive about the outlook for their company. That number is a noticeable improvement following readings of 33.9 percent and 66 percent in the second and third quarters of 2020, according to the NAM release.
Manufacturers somewhat or very positive about the outlook for their company fourth-quarter 2020
However, headwinds remain. Companies continue to cite challenges in the supply chain and hiring as the lingering negative effects of COVID-19. Just over 29 percent of respondents said their revenues will recover to pre-pandemic levels before or during the fourth quarter, while 38.3 percent said they expect their revenues to return to normal sometime in 2021, according to the release.