Survey Says Manufacturing Companies are Optimistic
December 15, 2010

Senior management at U.S. manufacturing companies is once again optimistic, according to a Grant Thornton LLP November survey. Nearly half (49 percent) believe the U.S. economy will improve in the next six months, and the same amount (49 percent) say they plan to increase staff during the same period. Manufacturing leaders are also optimistic about their own businesses, with 81 percent feeling optimistic about their companies’ growth over the next six months, according to the survey. 

“This is consistent with what manufacturers are telling us as we are out in the marketplace talking with them” says Wally Gruenes, Grant Thornton’s national managing partner for Consumer and Industrial Products. “Despite reduced staffing levels and stricter customer mandates, manufacturers have improved their performance over the past three years in areas such as production cycle time, on-time delivery rate, scrap and rework, quality and warranty costs.”

 

All

Manufacturing

Believe U.S. economy will improve

47%

49%

Believe U.S. economy will get worse

10%

5%

Very or somewhat optimistic about own business

79%

81%

Very or somewhat pessimistic about own business

21%

19%

Plan to increase staff

43%

49%

Plan to decrease staff

15%

13%


Are you concerned about a double-dip recession?

 

All

Manufacturing

Yes

52%

49%

No

48%

51%

The survey was conducted Nov. 3-16, 2010, with 63 senior executives from U.S. manufacturing companies.

Do you agree with the findings? E-mail ttaffera@glass.com

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