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Latest Group Outlook Survey from Prime Advantage: Manufacturers Becoming Optimistic About Economy.

Article Excerpt
Prime Advantage, a buying consortium for midsized industrial manufacturers, announced the findings of its fourth Prime Advantage Group Outlook (GO) Survey, revealing the top economic concerns of midsized industrial manufacturers for the remainder of 2009.

The study results reflect a growing sense of optimism returning to the manufacturing sector, in terms of improved revenues, customer demand and hiring expectations.

Among the highlights of the survey findings, 80 percent of respondents indicated that they expected revenue for the second half of 2009 to either stay the same or increase. This is a dramatic turnaround from the GO Survey that was published in February, in which only 38 percent were predicting revenues to either stay the same as 2008 or increase. Also, just 31 percent said that capital spending would likely decrease from the first half of 2009, whereas the February GO Survey results found 66 percent of respondents indicating that capital spending would decrease from 2008 levels.

This turnaround is reflective of U.S. Commerce Department data showing durable goods orders increased nearly five percent in July, and that they have steadily increased over the past few months. In addition,...

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