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, visitwww.fabtechexpo.com.
