Manufacturing Executives Optimistic about Industry Growth Despite Global Contraction

Despite the apparent consensus that the global manufacturing industry is currently in a state of contraction, a surprising number of manufacturers are confident in its growth in the near future.

The 2016 KPMG Global Manufacturing Outlook (GMO) Survey polled 360 C-level manufacturing executives, of which 80 were US-based. Respondents for the poll included executives from across the aerospace, automotive, medical, engineering, industrial and metals industries.

Surprisingly, 65 percent of US respondents (64 percent globally) reported a confidence that their company will grow over the next 12-24 months. Additionally, 54 percent of US respondents (46 percent globally) believe that the global economy will improve, voting either “Confident” or “Very Confident.”

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