A press release from the Technology & Manufacturing Association:
SCHAUMBURG, IL – In the sixth month of the Technology and Manufacturing Association’s (TMA’s) monthly manufacturing survey, manufacturers’ optimism in the Illinois economy remains weak while their belief in the US economy remains robust.
Only 12% of manufacturers are optimistic about Illinois’ economy, pessimism that has remained consistent during the six months of survey data.
Meanwhile, 92% of the manufacturers surveyed are optimistic about the United States’ economy, a number that has grown from 80% since last August.
“We can look at our elected officials, in Springfield, for why only 12% of manufacturers have a positive outlook on Illinois’ economy,” said Dennis Lacomb, TMA’s Director of Government Relations.
“The manufacturing community continues to struggle with stifling, over-burdensome regulations and taxes that drive up operating costs.
We have seen the benefits at the national level because of positive developments like tax reform. Now it’s time for our elected officials in Springfield to do their part.”
The Illinois Manufacturers’ Outlook is a monthly survey taken of TMA’s members to track the opinions of Illinois manufacturers.