Things are looking up for the manufacturing industry. In a Grant Thornton survey, manufacturers were cautiously optimistic about the future of their companies and the overall economy.
Of the 63 senior executives in top U.S. manufacturing companies, 91 percent feel optimistic about their business’ growth in the next six months, compared to just 9 percent who are pessimistic.
While the vast majority of these manufacturers are hopeful about the future for their companies, they’re a bit more modest about the prospects for the overall economy. Sixty percent of them believe the U.S. economy will improve in the next six months, while the other 40 percent think we could experience a double-dip recession.
On the job front, 44 percent of these manufacturers expect to hire new employees soon. This number suggests that they’re trying to reconcile their upbeat attitudes about their companies with their more tempered view of the economy. This is pretty good news for skilled workers who have had a tough time finding a manufacturing job after the economy suffered major losses over the past few years.
Even if the economy falters, your company can weather the storm with manufacturing inventory software. Manufacturing inventory software lets you track purchase orders from the moment they come in, all through the manufacturing process to the delivery. You can make sure you have the right number of parts and products to meet demand. You can also save money by not having too much inventory on hand.
Learn how manufacturing inventory software can help your business by signing up for a free trial.
QuickBooks Manufacturing Blog 
91% are optimistic – that sure is higher than I would have guessed! Hopefully things continue to move upward and the economy gets back on track!
Thank you for your comment. That is a very high number, and I sure hope manufacturers’ optimism is justified, too. Have a great day!