Manufacturing Growth Continues - But It's Sluggish
The uncertainty caused by tariffs and other geopolitical factors are creating caution among companies. However, our manufacturing clients are optimistic about demand for the second half of 2019, according to T.J. Monico, Managing Director, KeyBanc Capital Markets.® Learn more about how economic headwinds impact business here.
- Expecting growth in the second half of 2019, but on a slower scale
- To prepare for some form of recession, companies turn to M&A activity to enhance growth
- Business leaders are also looking to reduce nonproduction expenses and protect cash flow this late in the cycle
- Long term, experts still believe the segment looks strong given job growth and the country's share of global manufacturing growth