US manufacturers remain positive on revenue growth expectations
Despite continued uncertainty about the prospects of both the U.S. and global economies, the majority of U.S. industrial manufacturers remain positive regarding their revenue outlook for the next 12 months, according to the Q3 2012 Manufacturing Barometer recently released by PwC US, an accounting and consulting firm. Some 82 percent of respondents forecast revenue growth at their own companies for the next 12 months. Only 9 percent expect negative results, with many of the respondents planning to hire additional employees, as well as invest in new products and research and development. However, the projected average growth rate for own-company revenue over the next 12 months dropped to 4.6 percent from 5.6 percent in the second quarter, and below last year's 5 percent estimate.
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