59.3% of manufacturing leaders fear a recession is likely within 12 months
The National Association of Manufacturers conducted a survey titled, “Q2 2022 Manufacturers’ Outlook Survey”, asking the leading manufacturers for their opinions on recession, inflation, hiring and China competition legislation.
Inflationary pressures topped the list of the most worrisome concerns those surveyed had, 59.3% claiming they feared a recession was very likely in the next 12 months. 90.1% of respondents mentioned the increased raw material costs as a concern and 49.4% also cited a shortage of workers.
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