US manufacturing leaders are extremely pessimistic about the US economy, according to Grant Thornton LLP's most recent Business Optimism Index, a quarterly survey of US manufacturing business leaders. Only 13% believe the US economy will improve in the next six months, down significantly from 40% in May. At the same time, 40% believe the US economy will get worse, up from 26%. In addition, only 21% of manufacturers say they will increase hiring and 35% say they plan layoffs.
September 16, 2011
MANUFACTURERS' CONFIDENCE ABOUT U.S. ECONOMY IS DOWN
US manufacturing leaders are extremely pessimistic about the US economy, according to Grant Thornton LLP's most recent Business Optimism Index, a quarterly survey of US manufacturing business leaders. Only 13% believe the US economy will improve in the next six months, down significantly from 40% in May. At the same time, 40% believe the US economy will get worse, up from 26%. In addition, only 21% of manufacturers say they will increase hiring and 35% say they plan layoffs.
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