Big4.com Reports on PwC’s Q1 2012 Manufacturing Barometer Showing Optimism Among U.S. Industrial Company Manufacturers

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Positive Growth Forecast For 2012

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC notes that the most recent Q1 2012 Manufacturing Barometer from PwC shows more companies plan to hire employees in the year ahead, while a majority forecast increased investment spending. As well, U.S. industrial manufacturers expect continued global economic growth in 2012, with optimism regarding the prospects for the U.S. economy continuing to rise.
Big4.com reports the statistics about the world’s economic prospects rose to 44 percent in the first quarter of 2012, up 28 points from 16 percent in the fourth quarter of 2011. However, 45 percent of respondents still remain uncertain, while 11 percent are pessimistic regarding that same issue. Regarding investment spending, 82 percent of respondents planned increased capital outlays in 2012.
Industrial manufacturers are turning to technology innovation to improve their business models and processes. Over the next several years, more than 90 percent plan to implement new technologies to support digital transformation.
Barry Misthal, global industrial manufacturing leader for PwC, highlighted this new optimism.
“The positive gains in sentiment, primarily in the U.S., have been buttressed by higher forecasts for own-company revenue in 2012, as well as perceived decreases in barriers to growth. Moreover, margins remained positive, aiding confidence levels and supporting plans for hiring and investment,” he said.

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