U.S. Manufacturing Outlook Much Sunnier for 2011, PwC Says
01/28/2011
"The major shift from uncertainty to optimism in this quarter's findings gives us good reason to be hopeful. We may now begin to see industrial manufacturers start making business decisions in a less guarded, more confident manner as we move into 2011," said Barry Misthal, U.S. industrial manufacturing leader for PwC. "The industry is looking quite strong and steady compared with the past couple of years, and manufacturers appear poised for a robust start to the new year."
In the fourth quarter of 2010, 61 percent of panelists said the U.S. economy was growing, a 34 point rise from the third quarter.
Nearly half of those surveyed said they planned to hire workers this year, an increase of six points from the third quarter of 2010. Eighty-two percent plan to increase operational spending. Nearly a third are planning new facilities, and expansion plans are also on the rise.
The most significant impediment to this growth remains legislative and regulatory pressures. Manufacturers were also concerned about tax policies as a barrier to growth.
Project Announcements
Alltech Expands Jessamine County, Kentucky, Manufacturing Operations
07/30/2025
Liatris Expands Rockville, Maryland, Manufacturing Operations
07/30/2025
China-Based Eco King Solutions Plans Robbinsville, North Carolina, Production Operations
07/30/2025
Hood Container Upgrades West Feliciana Parish, Louisiana, Operations
07/29/2025
MR6 Tech Services Plans Huguley, Alabama, Manufacturing Operations
07/29/2025
Adient Plans Normal, Illinois, Production Operations
07/29/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
Optimizing Your Rail-Served Transportation Network: Strategy Before Steel
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Tariffs, Talent, and U.S. Expansion
Q3 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025