Sept. 20, 2013: Midsized Manufacturers Expect Gains for Rest of 2013
Survey Indicates Optimism Is Strong as Revenues Are Projected to Increase
CHICAGO — Prime Advantage, a leading buying consortium for midsized manufacturers, announced the findings of its 12th semi-annual Group Outlook Survey, revealing financial projections and top concerns of its member companies for the rest of 2013. The results show continued optimism about revenues and employment despite concerns about federal regulations and fiscal policy uncertainties.
Ninety-seven percent of respondents reported they expect revenues to be better than or equal to the first half of 2013. Forty-two percent anticipate revenue growth will be higher in the second half of 2013 than in the first half. A surge in customer demand (55 percent) and launch of new product lines (48 percent) were most often cited as the reasons for the expected increase.