Slowing of U.S. Economy Leads to Decrease in Domestic Optimism, Says PricewaterhouseCoopers

While 69 percent of executives believe the domestic economy is growing, this is down from the reported 92 percent in the first quarter of 2006. However, only five percent of manufacturers were reported as being pessimistic about the current U.S. economy.

“Despite their concerns over the domestic economy, the outlook is not so bleak for the industrial manufacturing industry,” said Barry Misthal, PricewaterhouseCoopers’ Industrial Manufacturing sector leader. “Higher levels of optimism about the world economy were reported among senior executives, supported by increased international sales and an expected increase in geographical expansion, including new markets.”