PWC Barometer Surveys (10/30) – U.S.-based industrial manufacturers report that optimism in the U.S. and global economies is on the rise and a turnaround is expected over the next 12 months. While a majority of survey respondents felt the U.S. and global economies were unchanged or in decline in the third quarter of 2009, their outlook on how things will be by the second half of 2010 indicates renewed expectations for recovery. For the past four quarters, an overwhelming majority of respondents viewed the economy as declining. In a turnaround this quarter, fewer industrial manufacturers are taking this view, with only 23 percent of industrial manufacturers interviewed believing the U.S. economy declined this quarter. Also showing a hint of optimism, 13 percent believed the U.S. economy actually grew. Looking ahead at the next 12 months, 57 percent of panelists expect positive growth. The projected average growth rate is a plus 2.2 percent, notably better than the prior quarter's projected minus 0.4 percent.
Posts
