Manufacturers predict flat growth or contraction

Chicago, Ill.— More than 80% of 327 U.S. manufacturers surveyed in mid-February predict stagnant growth or recessive contraction in their industries during the first half of 2001 and weak capital investments and earnings for the whole year, according to the National Association of Manufacturers' (NAM) annual survey released March 5 at National Manufacturing Week (NMW) 2001.

01/01/1970


Chicago, Ill.— More than 80% of 327 U.S. manufacturers surveyed in mid-February predict stagnant growth or recessive contraction in their industries during the first half of 2001 and weak capital investments and earnings for the whole year, according to the National Association of Manufacturers' (NAM) annual survey released March 5 at National Manufacturing Week (NMW) 2001. The survey found that nearly three-quarters of respondents believe the U.S. Federal Reserve should lower interest rates another half-a-percent (0.5%) at its March meeting, which it subsequently did. Manufacturers ranked reducing individual income tax rates as the most important tax policy that would have a positive impact on their firms and employees. When asked about capital investments, 75% of the manufacturers surveyed forecast growth of 5% or less for computers, peripherals and software, while more than half forecast growth of 2% or less for machine tools or other equipment. More than two-thirds of those surveyed also predicted earnings per share growth of 3% or less in 2001's first half and then some improvement in the second half. The respondents add that they'll aggressively cut costs at each stage (72%) and introduce new product lines (58%) to achieve greater profitability.





No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Water use efficiency: Diminishing water quality, escalating costs; Lowering building energy use; Power for fire pumps
Building envelope and integration; Manufacturing industrial Q&A; NFPA 99; Testing fire systems
Labs and research facilities: Q&A with the experts; Water heating systems; Smart building integration; 40 Under 40 winners
Maintaining low data center PUE; Using eco mode in UPS systems; Commissioning electrical and power systems; Exploring dc power distribution alternatives
Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.