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Manufacturers Remain Optimistic

April 1, 2008

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Small and mid-sized manufacturers exhibit optimism regarding the economy, and most plan significant capital improvements during the year, according to a recent survey conducted by Chicago, IL-based Prime Advantage, a manufacturers’ buying group. The survey finds that more than half (66 percent) of Prime Advantage member companies plan significant capital improvements in 2008, including investments in new press brakes, turret punch presses, laser-cutting machines, robotic-welding cells and metal-stamping equipment.

This finding is supported, the group says, by findings from the Business Roundtable’s CEO Economic Outlook survey for the fourth quarter of 2007, in which CEOs predicted a 35 percent increase in capital spending during the first six months of 2008.

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See also: Prime Advantage