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by David R. Brousell, MA Editorial Staff
Posted on Monday, December 03, 2007 4:35:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The ripple effect of the housing slump and the subprime debacle registers among manufacturers, according to an exclusive poll by Managing Automation. |
| Keywords: | Manufacturing confidence, manufacturers' confindence |
U.S. manufacturers' confidence in the domestic economy as they head into 2008 has dropped 14 points compared with last year, as the heat from the credit and housing crisis begins to be felt by a noticeable number of companies, a new, exclusive Managing Automation reader poll shows. The poll, conducted in mid-October with more than 360 MA readers, reveals that just 39% of survey respondents expect the U.S. economy to improve moderately, compared with 53% who felt this way last year. Those expecting the economy's numbers to be flat in 2008 increased to 35.4%, compared to 29.9% last year, while those expecting the beginning of a decline rose to 13.5%, from 8.8%. When asked what impact the mortgage/credit crisis may be having on their businesses, a sizable majority, 60.8%, say they haven't felt anything — yet. But more than 34% said they are indeed feeling an impact in varying degrees, with 13% of this group indicating a "moderate" effect on their business as of the fall. [Click to continue] |
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