September 19, 2013
Prime Advantage, a buying consortium for midsized manufacturers based in Chicago, has released the findings of its 12th semiannual Group Outlook Survey, revealing financial projections and top concerns of its member companies for the rest of 2013. The results show continued optimism about revenues and employment despite concerns about federal regulations and fiscal policy uncertainties.
Ninety-seven percent of respondents reported they expect revenues to be better than or equal to the first half of 2013. Forty-two percent anticipate revenue growth will be higher in the second half of the year than it was in the first half.
One out of three companies expect capital expenditures to increase in the second half of 2013. Fewer than 3 percent are planning layoffs in the next six months, and 47 percent expect to hire.
While concern about rising costs of raw materials has declined, 62 percent of respondents believe fiscal policy uncertainties have affected their business and the overall economy negatively.