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6/26/2012 - Industrial workers say good times are ahead


Industrial executives are optimistic about the coming months.

An increasing number of industrial manufacturers in the U.S. are becoming more confident that the economy is primed to rebound.

According to PricewaterhouseCoopers 2012 Manufacturing Barometer, which surveyed 60 senior executives of industrial manufacturing companies, optimism is on the rise among these industry professionals, as over 90% of respondents said they believe their companies will register growth in 2012. In addition, more companies plan on hiring this year compared to last year, when a similar poll was carried out.

"Optimism regarding the U.S. economy among U.S. industrial manufacturers improved markedly during the first quarter of 2012, while views of the worldwide economy remain guarded, improving only modestly due to continued high levels of uncertainty," said PwC global industrial manufacturing leader Barry Misthal.

He added that the gains seen in positive feelings toward the economy have been supported by ambitious revenue projections from many companies. Barriers to growth have also been limited.

Severe weather that causes property damage can prove to be an obstacle as well, but businessowners insurance can provide companies with the coverage they need to overcome these impediments.

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