29 June 2012 20:19 [Source: ICIS news]
The association said that its quarterly survey of member firms showed that “for the second quarter in a row, a majority of respondents identified the unfavourable business climate as their primary challenge”.
“Manufacturing has been slowing over the past few months,” he said.
Moutray said the
“With so many indicators reflecting a weakening in the manufacturing sector, it has become very clear that manufacturers are growing more cautious as they continue to face significant headwinds,” Moutray said.
“Aggressive regulations, uncertainty in the tax code, high energy costs and global competitiveness are just a few of the issues that Washington needs to address to get manufacturing growing strongly again,” he said.
In addition, a key measure of manufacturing activity fell in the first quarter this year for the seventh consecutive quarterly decline.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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