Manufacturers are Cautiously Optimistic About 2010
Similarly, 41% of those surveyed who sell internationally are optimistic about the prospects for the world economy; 50% are uncertain and only 9% are pessimistic. A year ago, only 4% of the international segment was optimistic about the global economy, while 69% were pessimistic.
"We are beginning to see cautious optimism about the economy in the industrial manufacturing sector," said Barry Misthal, U.S. industrial manufacturing leader for PricewaterhouseCoopers. "There is a sense that the worst is over, but recovery will be slow. These manufacturing executives are still facing a significant challenge to their growth targets from a lack of demand. The industry needs improved momentum in the overall business climate and a reduction in regulatory and legislative pressures."
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