Manufacturing executives see improving economy, says poll
Manufacturing executives are more optimistic
about the economy according to a new poll from the co-sponsors of the Fabtech International
show.
Manufacturing executives are more optimistic about the economy according to a new poll from the co-sponsors of the Fabtech International show.
Fifty-three percent of the manufacturing executives polled indicated that they have seen or experienced signs that signal the start of an economic recovery. The survey of 1,046 past or prospective registrants of the Fabtech event was conducted in late July.
Twenty-seven percent of those polled also saw an increase in new sales inquiries, while 23 percent saw an increase in orders, 18 percent saw reduced layoffs, and 14 percent saw the need to replenish inventory levels.
Additionally, 27 percent said they agree with economic forecasts that the economy will return to moderate growth in the third and fourth quarters of 2009.
“These findings are in line with what we are hearing from other industry sectors, as well as economists’ assessments that the economy is gradually improving,” said Mark Hoper, Fabtech show manager. “Thus, it’s important for manufacturers to take advantage of this pending recovery period. In fact, one keynote address during Fabtech offers strategies designed to prepare businesses for the economic turnaround, and other sessions explore similar issues tied to the economy.”
Fabtech International will be held in conjunction with the AWS Welding Show and Metlform Nov. 15-18 in Chicago. For more information, visit www.fabtechexpo.com.
Manufacturing executives are more optimistic about the economy according to a new poll from the co-sponsors of the Fabtech International show.
Fifty-three percent of the manufacturing executives polled indicated that they have seen or experienced signs that signal the start of an economic recovery. The survey of 1,046 past or prospective registrants of the Fabtech event was conducted in late July.
Twenty-seven percent of those polled also saw an increase in new sales inquiries, while 23 percent saw an increase in orders, 18 percent saw reduced layoffs, and 14 percent saw the need to replenish inventory levels.
Additionally, 27 percent said they agree with economic forecasts that the economy will return to moderate growth in the third and fourth quarters of 2009.
“These findings are in line with what we are hearing from other industry sectors, as well as economists’ assessments that the economy is gradually improving,” said Mark Hoper, Fabtech show manager. “Thus, it’s important for manufacturers to take advantage of this pending recovery period. In fact, one keynote address during Fabtech offers strategies designed to prepare businesses for the economic turnaround, and other sessions explore similar issues tied to the economy.”
Fabtech International will be held in conjunction with the AWS Welding Show and Metlform Nov. 15-18 in Chicago. For more information, visit www.fabtechexpo.com.
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