Industrial Control DesignLine Blog
Though surveys coming out now were taken before the current woes in the stock market, they're showing a pretty upbeat year for U.S. manufacturers.
GlobalSpec's sixth annual Industrial Indicator Survey showed 69 percent of responding companies revenue would be higher this year than 2006. A huge majority, 82 percent expected second half spending to be ahead of or equal to first half spending and 26 percent are increasing capital expenditures.
Companies are expanding into new markets and increasing product lines, both good signs. And in the key area of jobs, 28 percent are adding people. The subprime woes now rocking the stock market may ripple over to manufacturing. But there's a fair chance that when there's enough data to look back, things will still show 2007 as an up year.