Grant Thornton Survey Shows Optimism in Manufacturing

“In addition, the uncertainty surrounding some major concerns (tax rates, R&D credit extension, environmental standards, etc.) that paralyzed businesses over the past two years have been partially resolved, which sets the table for stable growth in manufacturing over the next two years. This, coupled with the highest level of cash on corporate balance sheets in over 50 years, bodes well for increased investment by the industry. In fact, 47 percent of manufacturers expect to increase purchases of capital equipment, 47 percent expect to embark upon process improvement initiatives and 37 percent expect to spend on information technology.”