Manufacturers’ Outlook Survey: Second Quarter 2025 | Trade and Industry Development

Manufacturers’ Outlook Survey: Second Quarter 2025

Oct 01, 2025

The National Association of Manufacturers Q2 2025 Manufacturers’ Outlook Survey reveals optimism among manufacturers across the country has dropped sharply. Only 55.4% of respondents report a positive outlook for their companies, a nearly 15-percentage-point drop from Q1 and the lowest level since the height of the COVID-19 pandemic in Q2 of 2020. Trade uncertainty remained the top business concern for the second consecutive quarter.

Provided by: National Association of Manufacturers

National Association of Manufacturers
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