According to the survey, although economic growth was disappointing this year, Canadian manufacturers have a positive view of their prospects next year when GDP for Canada and the US is forecast to rise a bit above 2%. The survey also shows 36% of senior company executives are optimistic although most (55%) qualify their optimism with caution.
Most of their companies (65%) fall into the small business category (under 100 employees); 23% are medium-sized (under 500); and 13% are large firms (500 or more).
More than half of the senior executives are expecting orders and sales to increase (by an average 15% and 16%); but costs will also increase (by 9%). Pricing will stay the same for 55% but 33% expect increases (of 8%). Forty-two per cent see profits rising an average of 13%.