Manufacturers’ index reflects weak export expectations

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The latest National Association of Manufacturers quarterly survey released today found that 59.6 percent of respondents were positive about their own company’s outlook, down sharply from 91.2 percent one year ago. Export expectations help to explain much of the deceleration in the economic outlook for the sector, the association said. Of those companies that anticipated increased exports over the next 12 months, 75.4 percent were positive in their outlook in this survey. Overall, respondents expect relatively flat export growth in 2016.