Optimism about the economy is beginning to permeate among the ranks of recession-wracked manufacturers, according to a new poll conducted by the co-sponsors of the upcoming FABTECH® International & AWS Welding Show, including Metalform, in Chicago.
More than half (53%) of the manufacturing executives polled indicated they have seen or experienced signs that signal the start of an economic recovery. The survey of 1046 past or prospective registrants of the FABTECH event was conducted in late July.
Leading the way of positive signals reported were an increase in new sales inquiries (27%), followed by an increase in orders (23%), reduced layoffs (18%) and the need to replenish inventory levels (14%).
Additionally, more than one quarter surveyed – 27%– agree with economists’ forecasts that the economy will return to moderate growth in the third and fourth quarters of 2009.
to Daily News