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Industry News written by MA editorial staff

U.S. Manufacturing Looking Up, Survey Says

Posted on Wednesday, June 18, 2008 5:43:56 PM       Sign Up to receive Daily News Alerts in your E-mail Inbox                            Digg This Article   Add to Delicious

Abstract:Deloitte and the National Association of Manufacturers poll North American manufacturing executives and find them surprisingly optimistic about their prospects over the next five years.
Keywords:U.S. manufacturing, American manufacturing
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Despite reports heralding the decline of U.S. manufacturing, industrial companies in North America see their competitive position improving in the next five years, a new survey by Deloitte and the National Association of Manufacturers found.

Optimism among manufacturers was a key finding of the “Made in North America” survey of 321 manufacturing executives in the United States, Canada, and Mexico.

Looking ahead, 57% of manufacturing executives in the United States predicted that their companies would be better positioned against their primary competitors five years from now. That compared with 41% who thought they were currently ahead of their competition. Only 11% expected that they would be worse off in five years. Among Mexican manufacturers, 49% expected a stronger competitive position in 2012, while 46% of Canadian executives reported similar optimism.

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