The findings - based on 495 replies from senior manufacturing executives (margin of error +/- 4.27%, 19 times out of 20) - show that Canadian manufacturers have a positive view of their prospects in 2018 although they are concerned by how Trump administration policies and other factors might
affect their businesses.
PLANT’s Manufacturers’ Outlook 2018 survey conducted from July 11 to Sept. 5 shows 44% of senior company executives are optimistic about the coming year, although most (50%) qualify their optimism with caution. Looking at the next three years, the percentage of those who are optimistic declines (38%) as caution increases (57%), along with their view of Canada’s growth (22% and 66%). The global view inspires even less confidence (19%) with 65% favouring caution.
Manufacturers are also either very or somewhat concerned about what’s going on in the US. American protectionism is worrying 92% of executives, followed by rising global protectionism (90%), US President Donald Trump’s impact on nation-to-nation relationships (88%) and the NAFTA renegotiation (88%).