Wednesday, February 17, 2010

US Manufacturing on the Upswing

Meanwhile, this showed up in my inbox not a minute ago.  BTW, it is true.  I know from boots on the ground experience.  It is great, and it is what a declining home currency will do for a sector like this.  This is one reason it usually does not pay to be net bearish against an inflationary regime.

Of course it is sponsored by Cisco, a company about which I hear conflicting anecdotal reports concerning their supposedly robust business climate.  So that is the caveat.

This comes by way of Managing Automation.

MANUFACTURERS’ CONFIDENCE IN THE ECONOMY, BUSINESS PROSPECTS RISE DRAMATICALLY IN MANAGING AUTOMATION MEDIA’S READER POLL

Manufacturers across the U.S. and Europe say that their feelings about the health of their economies and their own business prospects going into 2010 have improved by a wide margin since late 2009. The new poll, fielded last month, shows that a strong majority of manufacturers in the U.S. and Europe – 57% and 55%, respectively – expect their economies to improve moderately in 2010. Last year, this key measure of confidence dropped to 26% in the U.S. and nearly collapsed in Europe at 13%.

Join David Brousell, two manufacturers who participated in the poll and Cisco to hear their outlook for 2010.

Hear about:

  • how far manufacturing has come since the crisis days of the downturn at the beginning of 2009 but also how far manufacturing still has to go to see a full recovery
  • how the recovery plays out in coming months will determine how the higher levels of confidence revealed in the poll translate to decisions around such things as capital spending and hiring

In addition to confidence levels, the poll also examines reader attitudes with regard to technology budget plans and product purchase intentions for 2010.