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News & Press: Industry

NAM, Other Trade Associations Economists Expect Positive Growth To Continue This Year.

Monday, September 10, 2018   (0 Comments)
Posted by: Alyce Ryan
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Transport Topics (9/6) reports, “Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs. For trucking, that means a continuation of strong demand for freight hauling and a business environment marked by tight capacity and favorable rates.” Chad Moutray, chief economist for the National Association of Manufacturers, said “that 95.1% of member firms surveyed in the second quarter of 2018 were optimistic about their business. That positive outlook is driven by increased demand for manufactured products, reduced taxes and regulatory changes.” 

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