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Manufacturing survey shows continued optimism

(photo courtesy of the Lawrence County Economic Growth Council)

INDIANAPOLIS, Ind. (Inside INdiana Business) – The Indiana Manufacturers Association’s August 2020 COVID-19 Indiana Manufacturing Survey shows that most manufacturers believe the future looks good for their businesses. According to the survey, 52% of respondents say they’re optimistic or very optimistic about operations.

The IMA has been surveying its members for the past several months on the impact of the COVID-19 pandemic on production operations.

“While we still have a long way to go in the recovery, manufacturers appear to be finding ways to adapt and adjust in this uncertain environment,” said IMA President Brian Burton. “Economic activity in the manufacturing sector grew in August for the fourth consecutive month, with a PMI of 56%, up 1.8 percentage points from July’s reading of 54.2%. The IMA will continue supporting manufacturers with timely webinars, communications, and other resources.”

A lack of childcare appears to be having a big affect on employers and employees. The most recent survey shows 50% of respondents say it has affected their operations.

When asked about production levels, the IMA says 84% of respondents indicated that they are operating at between the 80% and 100% range.

You can connect with the full survey results by clicking here.