Small and Medium-Sized Manufacturers Project Strong Second Half 2012
CHICAGO- Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its tenth semi-annual Group Outlook Survey, revealing financial projections and top concerns of its member companies for the second half of 2012. The majority of surveyed manufacturers report healthy revenue projections, strong hiring and capital spending plans. However, for a small portion of respondents these plans may see delays due to uncertainty about the results of the federal elections.
Companies are showing more optimism about revenues for the second half of 2012 as compared to several past periods: 48% of respondents expect their revenues to increase in the second half of 2012 as compared to 40% in 2H 2011, and 36% in 2H 2010. An overall increase in customer demand was named the primary reason for the revenue growth in 58% of cases, followed by the introduction of new product lines (32%).