Industrial Sector Surging Forward with Growth

Posted on October 18, 2010 by Kit Noller

Survey Shows Industrial Sector Surging Forward with Growth

The latest ThomasNet Industry Barometer (IMB) shows that companies in the industrial sector are exhibiting growth and accelerating the momentum of the recovery with the promise of further expansion to come.Among the 3,243 industry professionals from manufacturers, distributors and service companies who responded to the survey:

  • 45% say their business grew during the first half of 2010.
  • 60% forecast growth for the remainder of 2010.
  • 34% plan to hire – increase head count of return to prior head count levels.

These respondents also shared their top strategies for success: developing business in new US geographies, developing innovative products and services, pursuing business in new industries as well as as increasing online marketing.

Reprinted from ThomasNet

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