Manufacturing Barometer - October 2013

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10/15/2013 by Industrial products
Manufacturing Barometer - October 2013

At a glance

Company executives who responded to PwC's Manufacturing Barometer business outlook survey were positive about the world economic outlook, and they plan to increase investments in R&D and hiring.

PwC's Manufacturing Barometer is a quarterly survey of US-based executives in large, multinational industrial manufacturing businesses. The survey captures participants' assessments of the direction of the US and world economies and their company's performance and expectations in such areas as revenue growth, margins, inventory, and costs. Other sections explore plans for investment, mergers and acquisitions, and hiring, as well as potential barriers to growth and much more.

Third-quarter results

Highlights from the third quarter include:

  • Optimism for the world economic outlook improves among US industrial manufacturers.
  • The US economy remains a growth driver, with moderate revenue growth expected in 2013.
  • Investment spending plans rise, with an emphasis on R&D and new product introductions.
  • Hiring plans reach a five-year high, while the lack of qualified workers is slowing gains.

Special topic: Human capital

This quarter’s special topic questions focus on human capital. We asked panelists for their insights on topics such as skill gaps and plans to fill those gaps, which functions are most needed, and whether there are positions they've been unable to fill in the past year.