Manufacturers’ Optimism for the U.S. and World Economy Hits New Low
Optimism about the prospects for the U.S. and world economy over the next 12 months hit all-time lows among U.S. industrial manufacturers, according to the findings of the Q3 2011 Manufacturing Barometer released by PwC US. While only 5% of U.S. industrial manufacturers are optimistic about the prospects of the U.S. economy over the next 12 months, the lowest since the fourth quarter of 2008, a vast majority are uncertain, rather than outright pessimistic. Despite those uncertainties, U.S. industrial manufacturers over the next 12 months expect positive own-company growth, are planning major new investments of capital, and are forecasting international sales to more heavily contribute to their bottom lines.
Source: Quality Magazine
