ThomasNet says industrial sector poised for growth

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New York—The North American industrial sector appears poised for growth, according to ThomasNet’s latest “Industry Market Barometer,” a survey of small- and mid-size manufacturers, distributors and suppliers. The survey, which was conducted online this summer, had 3,243 respondents.

Forty-five percent of survey respondents said their business grew in the first half of this year, while in the year-earlier period, just 17% reported growth. In the second half of last year, 27% of survey respondents reported growth.

Nineteen percent of respondents reported a decline in sales in the first half of this year. Again, that figure is an improvement compared with both the second half of last year (41%) and the first half (54%).

Additionally, 60% of respondents expected their business to grow in the second half of this year. Further, only 8% of respondents expected to cut jobs in the second half of the year.

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