NAM Manufacturers' Outlook Survey Q4 2025

This report presents the findings of the NAM Manufacturers' Outlook Survey conducted from November 13 to December 4, 2025, with a total of 241 responses. The survey indicates a positive sentiment among manufacturers, with 69.9% expressing a favorable outlook for their companies, an increase from the previous quarter. Key concerns identified include trade uncertainties, rising healthcare costs, and a weaker domestic economy. The report details expected growth rates for various economic factors over the next 12 months, including sales, production, employment, and input costs. Additionally, it highlights the challenges manufacturers face, such as the need for skilled labor and the impact of climate disclosure regulations. The survey also reveals that a significant majority of manufacturers support the passage of an infrastructure bill by Congress. Overall, the report outlines the current state and anticipated trends within the manufacturing sector, providing valuable insights into the industry's outlook for the coming year.