The Economy for Manufacturers After Tax Reform #031

Chad Moutray—chief economist for the National Association of Manufacturers (NAM)—joins host Damien Martin to discuss what he’s seeing in the data and hearing from members about the Tax Cuts and Jobs Act’s (TCJA) effect on manufacturers. TIME STAMPS OF WHAT’S COVERED [1:56] Why understanding the economy is important right now [3:06] How tax reform is affecting manufacturers [5:27] The TCJA provisions Chad sees as driving economic growth [8:53] How to approach areas of uncertainty in the economy and the TCJA [11:12] Key economic indicators Chad’s watching [13:25] It’s your bottom line that really matters [14:58] The number one challenge for manufacturers right now [17:02] What NAM is hearing from members about hiring and capital spending after tax reform [18:09] Making productivity-enhancing technology investments [20:02] Ways to cut through the economic noise [20:53] Why Chad’s bullish on manufacturing over the long term [21:53] Advice for manufacturers that are waiting to take action after tax reform BIO FOR GUEST Chad Moutray is chief economist for the National Association of Manufacturers, where he serves as the NAM’s economic forecaster and spokesperson on economic issues. He frequently comments on current economic conditions for manufacturers through professional presentations and media interviews. He has appeared on Bloomberg, CNBC, C-SPAN, Fox Business and Fox News, among other news outlets. Follow Chad on Twitter Connect with Chad on LinkedIn  Read more from Chad on NAM’s Shopfloor Blog ADDITIONAL RESOURCES 2018 Second Quarter Manufacturers Outlook Survey NAM’s Center for Manufacturing Research GET MORE SIMPLY TAX A complete archive of our episodes is available on our website and YouTube playlist. We’d love to hear from you! Email feedback and questions to [email protected]. Connect with Damien on social media! LinkedIn | Twitter | Instagram