PwC’s Q1 Manufacturing Barometer Reveals Prevailing Optimism in Domestic Economic Outlook among U.S. Industrial Manufacturers
Nearly 80 Percent of Manufacturing Executives Predict Revenue Growth in 2013
U.S. industrial manufacturersremain positive regarding the outlook for the U.S. economy in the year ahead, while sentiment pertaining to the world economy remains guarded, according to the Q1 2013 Manufacturing Barometer,released today by PwC US. According to PwC’s survey, 55 percent of respondents expressed optimism about the 12-month outlook for the U.S. economy during the first quarter of 2013, up seven points from the fourth quarter, and only five percent were pessimistic.
“Overall sentiment regarding the direction of the domestic economy remained upbeat among U.S. industrial manufacturers in the first quarter,” said Bobby Bono, U.S. industrial manufacturing leader for PwC. “However, management teams are taking a more conservative approach to forecasting top line performance for the year ahead, given the moderate recovery underway and uncertainty pertaining to fiscal policy.”