Survey shows U.S. industrial companies hiring, increasing spending


The number of companies expecting increased revenue in 2010 doubled over last year from 24 to 51%, reflecting optimism about the recovering economy within the U.S. industrial sector. GlobalSpec's annual Industrial Indicator Survey also showed that 66% of those surveyed said company revenue is on target or above for 2010. According to GlobalSpec, the overall direction of the survey's data indicates that the economy is recovering, although some companies and sectors are recouping faster than others.

There were a number of "growth-oriented initiatives" being pursued by companies in the survey, with 18% having increased headcount, compared to only 5% a year ago. Almost twice as many companies have increased spending in 2010 over 2009 (13% versus 7%). In addition, 47% are focused on improving production efficiencies, 44% on expanding sales into new markets, and 42% on quality....
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