PwC’s 1Q 2011 Manufacturing Barometer: Surging oil/energy prices top the list of potential barriers to growth
Although surging oil/energy prices top the list of potential barriers to growth, 57 percent of industrial products manufacturers are optimistic about the U.S. economy, down only 6 points from the prior quarter; 38 percent are uncertain, up 8 points; and only 5 percent remain pessimistic. However, when it comes to the world economy, just 44 percent expressed optimism, down 16 points from last quarter; 51 percent are "uncertain" (a 13-point increase from the prior quarter; and only 5 percent remain pessimistic.
Other projections include improved revenue forecasts, a dip in international sales, costs and price spikes, an increase in major capital investments, and additional hiring plans.
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