Prime Advantage is a buying consortium of midsize manufacturers. The report was based on an online survey of 96 representatives of industrial manufacturing companies, including business owners, procurement VPs and other purchasing professionals.
When a similar study was conducted by Prime Advantage in February, only 38% of manufacturers said they expected revenue to increase or stay the same over 2008.
In other survey findings, 31% of manufacturers said they expect capital spending to decrease from the first half of the year, compared with 66% of respondents who expected capital spending to decrease from 2008 levels in the February survey.
Also, 25% of respondents expect revenue to increase up to 10% in the second half, and 12% predict an increase of more than 10% for the remainder of the year.
