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Manufacturing Outlook Mixed on US, Global Economies

U.S. manufacturers have a mixed outlook on the domestic and global economy.

The U.S. and global economies continue to baffle industry leaders, and a new survey highlights the disparate views of both domestic and international prospects. U.S. industrial manufacturers report high levels of optimism when it comes to the future of the domestic market, but as far as the rest

The U.S. and global economies continue to baffle industry leaders, and a new survey highlights the disparate views of both domestic and international prospects. U.S. industrial manufacturers report high levels of optimism when it comes to the future of the domestic market, but as far as the rest of the world is concerned, the outlook is not good.

"Despite the perception by some of the increasing challenges globally, sentiment regarding the direction of the U.S. economy among U.S. industrial manufacturers remained positive during the second quarter," said Bobby Bono, U.S. industrial manufacturing leader for PricewaterhouseCoopers, which conducted the survey. "However, we are seeing some moderation in planned outlays for R&D, as well as geographic expansion, which may portend a more conservative approach given worldwide economic conditions."

Nearly nine out of 10 survey respondents said they expect to see growth at their company in the coming year, according to the "Q2 2012 Manufacturing Barometer." Roughly the same amount said they were planning operational spending increases over the same period. The majority of respondents - 52 percent - reported optimism for the U.S. economy going forward. While that's down significantly from 70 percent in the first quarter, only 7 percent said they have a negative outlook - the rest are simply uncertain.

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